Key Points
- Non-bank lenders are better positioned to drive change in the broker market.
- Non-bank lenders have a clearer understanding than banks of the needs of the third party market.
- Non-banks are uniquely positioned to bring-about innovations in the broker channel.
- Non-banks focus on brokers and develop innovative products they can offer to customers.
- Non-banks are better equipped to understand, help and service peoples’ needs.
- Banks are clunky, inflexible with poor understanding of peoples’ grass-roots needs.
Full article can be viewed here: 'Banks 'close the umbrella' on home loan customers'
Source: The Adviser
Related Reading: ‘Bank versus non-bank home loans’
