Macquarie Bank might be courting a backlash from mortgage brokers after revealing changes that will govern the types of people who can market its mortgage products.
Under a new policy that takes effect on 14 September Macquarie will be asking brokers to furnish details about their criminal records and personal financial histories before allowing them to recommend the banks home loans.
In a notification sent to brokers last Friday, Macquarie said it was updating application forms for broker accreditation to include more questions about applicants backgrounds.
A copy of our home loan broker accreditation application form is attached for reference. Additional documents may be required and will be confirmed on a case-by-case basis, the b…
Read the full article at: https://www.bankingday.com/macquarie-tightens-broker-accreditation-rules
