The Australian Mortgage Broker Survey 2007, new business publication announcement from Report Buyer

PRLog (Press Release) - Dec 01, 2007 -
Report Buyer (http://www.reportbuyer.com) the online destination for business intelligence for major industry sectors, has added a new report called “The Australian Mortgage Broker Survey 2007 - The Broker-Lender Relationship”

Report Summary

The broker channel has become more important in the Australian mortgage market, and it has become crucial for lenders to manage their relationships with brokers. Drawing on results from Datamonitor's Australian Mortgage Broker Survey, this report provides insight into the broker-lender relationship by analyzing various areas such as commissions and services offered to the broker by the lender.

Uses Australian Mortgage Broker Survey to understand how brokers feel about different aspects of their interaction with lenders.
- Discusses future issues that will affect the relationship between brokers and lenders.
- Examines ways in which lenders can differentiate themselves by implementing a long-term strategy for managing the broker channel.

Although there clearly are improvements to be made, in general, brokers are happy with the relationship they have with lenders' business development developers. Datamonitor's broker survey shows that 25% of respondents are very satisfied with their relationship with the lender's representative, while only 2% are very dissatisfied.

The advantage of commission-based remuneration is that it provides an excellent incentive for sales. The disadvantage with such a system is that broker incomes become volatile, and that the incentive can lead to shortsighted behavior. Trail commissions have the potential to align lender and broker interests.

Among the various aspects of service, fast loan approval and turnaround emerges as primary issues for mortgage brokers in the Datamonitor Australian Mortgage Broker Survey 2007. Around a fifth of surveyed brokers name turnaround times in response to open-ended questions about areas in which lenders should improve.

Reasons to Purchase   Gain invaluable insights into how lenders can achieve success using the mortgage broker channel.
- This report includes survey results that promotes a strategic understanding of the mortgage broker channel.
- Learn about the most important product features for brokers' clients and adapt your product offering accordingly.

Contents

Overview
Executive Summary
The Broker-Lender Relationship In The Australian Mortgage Market
Wbc's Bdms Are Highly Praised In The Survey
Future Focus
Appendix

“The Australian Mortgage Broker Survey 2007 - The Broker-Lender Relationship” is available from Report Buyer. For more information go to: http://www.reportbuyer.com/banking_finance/securities_bro...

Piribo Product ID: DAT08199

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