Backlash against banks’ home loan processing times
Mortgage advisers are taking a stand against banks’ strung-out home loan processing times.
The Finance and Mortgage Advisers Association of New Zealand (FAMNZ) has labelled the wait times for adviser generated home loan applications compared to direct to bank applications “anti-competitive” that are hurting not only mortgage advisers, but consumers.
“The wait times are unacceptable,” Leigh Hodgetts, FAMNZ country manager says.
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