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MFAA Prosper : Mortgage and Finance Brief 07
Broker-based HR tool now available for finance industry NAB emphasises ser vice Homeside is launching a campaign to highlight the outstanding levels of broker service delivered by its people. Eight candidates from across the business will be selected during the two month campaign, with a focus on consistently excellent levels of service. A winner will be chosen by a panel headed up by John Flavell from NAB Broker Distribution and Charles Weiser from Homeside. John Flavell, General Manager of NAB Broker Distribution, says key criteria include delivering a level of service that makes it easier for brokers to do business with Homeside. "A changing market means that we need to continue to provide a competitive price, while focusing on delivering exceptional service. We need to be approachable, accessible and willing to go the extra mile." Bluegum -- Mortgage Choice's white label home loan product suite -- enjoyed a successful launch into the market, with over $8m of business approved in the month to 31 December. The product, which is backed by Advantedge, was added to Mortgage Choice's home lenders panel, which now stands at 25. All products on the lenders panel are subject to the group's "paid the same" commission policy, meaning that brokers receive the same commission rate from Mortgage Choice's head office, regardless of who their customers are placed with. For more information, visit www.mortgagechoice.com.au Custom Equity Group grows Aggregator Custom Equity Group is set for major expansion over the next 12 months, after partnering with Australian Real Estate Finance Group (AREFG). In December, CEG expanded into Queensland, with an additional 20 brokers taking up the equity offer. The next steps for CEG are to further add to its broker numbers in NSW and Queensland while expanding into South Australia, the Northern Territory and Western Australia. CEG will shortly be announcing the appointment of a State Manager to drive the growth in these states. "Both of our organisations' strengths complement each other in so many facets," says CEG's Managing Director Sean O'Brien (pictured). "These combined strengths not only consolidate but greatly improve the aggregation services that CEG offers to all existing and future members." Paul Newell, Managing Director of AREFG says, "Our members who have already opted to take up the CEG offer for their aggregation requirements are absolutely delighted." For more information, call 02 9981 2345 Bluegum off to strong start HR software provider FCB Technology has developed enableHR Finance, a system dedicated to enable brokers to cross HR off their NCCP "to-do" list. enableHR Finance is a web-based application customised to meet the unique needs of the finance industry from an NCCP, modern award and Fair Work Act perspective. FCB Technology is running educational webinars for brokers to discuss the HR requirements under the NCCP and how enableHR Finance can assist in meeting these obligations. To find out more about the system or register for a webinar, go to www.enableHR.com.au/finance. Pepper investment Pepper Homeloans and Joint Lead Managers, National Australia Bank and Commonwealth Bank priced the Pepper Residential Securities Trust No. 8 (PRS8) A$260 million non-conforming mortgage issue. The transaction was Pepper's first issue for 2010 and the first non-conforming RMBS transaction in Australia since early 2008. 20 | Mortgage & Finance brief NoticeBoard
Mortgage and Finance Brief 06
Mortgage and Finance Brief 08