At an industry event yesterday a member of the ANZ team said that for above 80% LVR loans the branches get a 25% failure rate as opposed to the broker submitted deals of 9%. The obvious answer is knowledge, experience and knowing which bank has the right policy for you the consumer. Once again another clear reason to use an experienced broker to get your loan over the line and working for you.
AI and the lending future-
Like all businesses we are looking at the ways AI is going to change lending, our processes and what it means for our clients. Right