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MFAA Prosper : Mortgage and Finance Brief 05
Aon, Asteron and Smartline cover it off Asteron, Aon and Smartline have partnered up to offer consumers a full featured insurance product that covers their debt exposure and includes advice. Smartline's 200-plus mortgage adviser team will have access to the Asteron Lifeguard insurance range as well as its online health and well being program, Asteron Life! Asteron's Executive General Manager Jordan Hawke said: " Asteron is looking beyond the current insurance landscape to expand into newer intermediated markets, such as mortgage providers, which is relatively untapped in Australia." Asteron was chosen by Aon and Smartline after a competitive tender, and part of the attraction was Asteron's technology platform, Lifeguard EQ, Hawke said. Red hot rebrand Pepper have relaunched their brand, re-engineered their product offering and introduced a new campaign direction to capture the imagination of a mortgage industry that is now operating in a whole new world. The new branding reflects Pepper's CAN DO attitude, a philosophy that supports everything they do. Westpac has announced that securities associated with the National Rental Affordability Scheme (NRAS) are now acceptable for Consumer Lending, subject to certain criteria. The securities must be administered by the Queensland Affordable Housing Consortium (QAHC) and have a maximum lending value ratio of 87% for mortage insured loans, among other criteria. Under the QAHC scheme, the QAHC: • provides a joint venture Head Lease to investors • manages the NRAS 10 year compliance requirements and • allocates and supervises property management services. NRAS properties administered by QAHC are rented at 25% below the market rental rate. CBA makes loan contracts easier for Diamond Brokers In an Australian banking first, Commonwealth Bank is enabling its Diamond Partners to print home loan contracts in the comfort of their office. This new functionality offers mortgage brokers the opportunity to improve their customer ser vice by printing their customer's home loan documents and presenting them to the customer on the spot. Kathy Cummings, Executive General Manager, Third Party and Mobile Banking said: "By empowering our Diamond Partners to print documents in their office, we are helping them to improve their customer satisfaction, increasing their efficiency and giving them a competitive edge." Core Mortgage Brokers Principal Brad Parkes said the system worked very well. "Documents are not being lost in the post, and if there is an error on the documents, it is fixed within hours, not days," he said. The securities must be administered by the QAHC and have a maximum lending value ratio of 87% for mortage insured loans Westpac supports NRAS Get ready for 2011 with QBE LMI QBE LMI is sharing its insights with the mortgage industry by way of the lmiHOUSING OUTLOOK 2010- 2013, independently researched and compiled by BIS Shrapnel. The lmiHousing Outlook will provide you with the knowledge you will need to be prepared for the year ahead. Register for an lmiHOUSING OUTLOOK seminar at www.qbelmi.com: • Sydney: 12 October, The Ivy, 7.45am • Brisbane: 14 October, Sofitel, 7.45am • Melbourne: 15 October, Sofitel, 7.45am The report will be available for download from 20 October at www.qbelmi.com Mortgage & Finance brief | 11 NoticeBoard
Mortgage and Finance Brief 06