QED responds to Banking Royal commission cba fails to scrap mortgage broker commissions
It is with sadness that the team at QED Risk Services says farewell to one of it's longest clients, Warren Prince.
Warren was a bank long-timer who started his own broking business in the years before credit licensing came around. Wa...
Do the Privacy Law changes affect Mortgage brokers?
Almost definitely! If you are acting as an agent for a lender to collect personal information such as ID, then you are required to follow.
Even more specifically, though - in the introducer agre...
Press reports yesterday (The Australian, 22/1/18) have stated that ASIC is about to embark on a programme of "secret shopping" of banks and mortgage brokers to investigate responsible lending practices.
Typically, this work is conducted through thir...
ASIC's to audit individual brokers as part of its Interest Only Review.