Big Four tipped to start rates war

Created on Tuesday, 05 March 2013 11:29

AN unprecedented out-of-cycle interest rate cut may still be on the cards, even if the Reserve Bank keeps the official cash rate on hold, as expected, today.

News Limited's shadow Reserve Bank has voted to keep the cash rate on ice today, but three members think at least one major bank will slash its standard variable rate by five basis points anyway.

Research fellow at the Centre for Independent Studies, Stephen Kirchner, is tipping a five-basis point cut by one of  the Big Four will spark a discounting war. "I think there is scope for further out-of-cycle cuts in at least some lending rates, if not the standard variable rate," Dr Kirchner said.

AN unprecedented out-of-cycle interest rate cut may still be on the cards, even if the Reserve Bank keeps the official cash rate on hold, as expected, today. News Limited's shadow Reserve Bank has voted to keep the cash rate on ice today, but three members think at least one major bank will slash its standard variable rate by five basis points anyway.

Research fellow at the Centre for Independent Studies, Stephen Kirchner, is tipping a five-basis point cut by one of the Big Four will spark a discounting war. "I think there is scope for further out-of-cycle cuts in at least some lending rates, if not the standard variable rate," Dr Kirchner said.

Tanya Sale, CEO of Outsource Financial, commented, "rates are approaching a 30 year low and a number of 2 and 3 year fixed rate loan funders are quoting rates lower than 5%"

Outsource Financial has a unique business model for loan advisors, mortgage planners accountants, financial planners and other professionals to develop a mortgage and finance business either via referrer or as an active credit representative.

Boutique Aggregator of the Year

Created on Thursday, 09 August 2012 15:43

Outsource Financial has been named Boutique Aggregator of the Year  at the prestigious 2012 Australian Broking Awards.

The Boutique Aggregator of the Year award acknowledged the boutique aggregation group that has performed best over the past 12 months and has been most effective in member servicing and development.

According to Jim Hall, publisher of The Adviser, the Australian Broking Awards provide invaluable insights into which brokers and broking groups are at the forefront of the Australian mortgage industry.

“The Australian Broking Awards highlight not only what it takes to be successful in this industry, but what it takes to achieve genuine business growth, enhancements and efficiencies in what is a very challenging market,” he said.

Significant industry changes and economic uncertainty has had a significant impact on brokers and broking groups, Mr Hall said.

“The introduction of industry-wide compliance requirements and an overall slower property market have forced many brokers and broking groups to change the way they operate their businesses. But despite the tougher overall market conditions, Outsource Financial has  adapted their businesses successfully and they are continuing to record significant growth and accomplishments,” he said.

“The Australian Broking Awards were established to provide recognition and support for the industry’s leading brokers and broking groups, and Outsource Financial has certainly proven its position as a leader in its field.”

The winners of the Australian Broking Awards were determined by a panel of independent judges to ensure transparency across each award category. Award winners were determined based on key business metrics and finalist submissions.

“The Australian Broking Awards are the benchmark for quality and professionalism and I’d like to congratulate Outsource Financial and all of our winners for driving the third party distribution industry to new levels of excellence,” he said.

Watch Tanya Sale, CEO of Outsource Financial's acceptance speech below.

Credit Enquiry Reporting Service

Created on Friday, 01 February 2013 10:53

There's only one way to ascertain how "healthy" (or sickly) your client's credit is.  You need to obtain and examine their credit report.

A client's credit report is their credit resume – and credit providers will assess it just as prospective employers would a CV. How well it presents will determine the likelihood of obtaining credit.   If the information provided in a credit report is used strategically, a loans adviser can better define which banks are more likely to approve a client's application.

Outsource Financial is delighted to now offer a service where you can obtain a same day – upfront Veda consumer and commercial credit report from $27.50. The process is as follows:

1. Complete the special Privacy Document for Credit Enquiry form.

2. Complete the ezidebit upfront payment form.   Please note:

· Cost per report is $27.50 if VISA or MasterCard is used for payment.

· Cost per report is $31.50 if Amex, Diners
or direct debit of the clients bank account is used for payment.

3. Email a scan of both documents to This email address is being protected from spambots. You need JavaScript enabled to view it.
A report will be emailed to you the same day.

If you have any questions please contact Brendon Kurtz on 0478 040 714