Mortgage Choice adds Citibank


Major mortgage broker, Mortgage Choice, has expanded its lender panel to include Citibank.
The expansion of the lender panel was announced this week, with Mortgage Choice saying the decision had been based on Citibank's competitive pricing and comprehensive product offerings.
It said the Citibank move brought the number of lender panel members - which consists of major and second tier banks, building societies and credit unions - to 27.
Commenting on the move, Mortgage Choice chief executive Michael Russell said it was part of a host of initiatives designed to better satisfy the expanding financial needs of the company's diverse customer groups.
"Our customers are asking for more options, and with the help of Citibank's comprehensive product offerings and competitive pricing, we can deliver more to them," Mr Russell said.
Citibank commenced consumer banking operations in Australia in 1985, when it was one of the first foreign banks to be granted a licence.
Recommended for you
Advisers at DOD Bookkeeping, which received an $11 million penalty last week, received as much as 40 per cent of their remuneration via a bonus when clients purchased a property via a SMSF, according to court documents.
Private wealth manager Escala Partners has launched an end-to-end investment platform to strengthen its alternatives capability as clients seek sophisticated vehicles.
Perpetual Wealth Management has hired two advisers from Ord Minnett as part of five hires, just weeks after the rival firm announced it had picked up six from Perpetual Private.
ASIC has cancelled the AFSL of a Perth financial services firm following payments to its clients by the Compensation Scheme of Last Resort after a failed managed investment scheme.