Welcome to the November edition of the Finware Focus
Finware Focus is our monthly newsletter offering business updates, promotions and technical tips. As well as helpful tips on business and technical issues each edition also includes a “quirky” article – read this month’s about “Trending Words Getting Dictionary Status” – twerk anyone?
Congratulations to David Lee (JAC Unity Financial, NSW) who was the winner of our Collaborate Competition. David has won a FREE business website and newsletter service for 12 months, valued at $2,700. Just in time for Christmas… perhaps an ideal present for the boss!
iLend™ CSS Release Plan is a key focus for this edition. With our first release scheduled for January our initial focus is on client calculators, point of sale tools, and client forms. You will be able to work with these new calculators, tools and forms from any device or browser online and the information gathered will then auto-populate or synchronise with your existing iLend™ solution. Read more about the release and the benefits here.
Being so close to the festive season, we decided to run another competition. Complete our online survey for your chance to WIN an iForm Solution for your business valued at $1,000. Added to your website, the iForm gathers your client’s contact details, loan objective and the income and expenses for up to two applicants and adds it straight into your iLend™ CRM.
Save the date! Check out our Finware Event Calendar. If you are interested in attending or would like to learn more about these events, please use the links to register your interest today.
Enjoy this month’s newsletter and feel free to forward it to a friend by clicking here. If you would like to contribute to a future edition or have feedback on what you would like to see, please let us know by emailing feedback@finware.com.au.
Keep the focus,
Jason Hayden
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Citibank 3 Year Fixed Rate
Effective Monday, 25th November Citibank decreased their 3 year fixed rate by 0.21%. Check out the new rate below and in iLend™.
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CBA and ANZ Policy Updates
Commonwealth Bank Rental Income Cap at 8%
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ASB Reduces Special 1 Year Fixed Rate
Effective Friday, 22nd November ASB reduced their Special 1 year fixed rate to 4.95% p.a. and introduced a Special 3 year fixed rate of 5.99% p.a. Both products are applicable to existing home loans for refixes, rollovers and restructures, as well as to new home loans equal to or less than 80% LVR.
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QBE Premium Rate Increase For NAB Home Loans
Effective Friday 22 November 2013, QBE will increase their Lenders Mortgage Insurance (LMI) Premium rates applicable to NAB Home Loans. This increase is not applicable to Homeside home loans.
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Homeloans Increases 3 Year Fixed Rate
Effective Wednesday, 20th November Homeloans increased their Ultra 3 year fixed rate by 0.15% p.a.
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Westpac’s Special Fixed Rates
Effective Wednesday, 20th November Westpac decreased their Special 1 year fixed rate to 4.95% p.a. and at the same time introduced a Special 3 year fixed rate of 5.99% p.a.
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BankWest, Homeloans and ING Increased Fixed Rates
Effective Friday, 15th November BankWest increased their 2, 3, 4 and 5 year fixed rates by up to 0.20%, whereas Homeloans and ING increased their 2, 3 and 4 year fixed rates by up to 0.10%.
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iLend™ CSS Release Plan
The new ‘online’ iLend™ is now in development and progress is all-ahead Bendix (a speed beyond maximum). The internal name for the new online iLend™ is “CSS”, I will explain later, and is due for a progressive release staring as early as January.
iLend™ CSS will be available online across all browsers and devices. This means that any device with a browser of any kind will be able to access iLend™ CSS. So iPads, other tablets, palm-tops and even your phone will be iLend™ CSS compatible. In later releases of iLend™ CSS we will provide specific, purpose-built ‘app’ for a better phone iLend™ experience.
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St George Group’s 4 and 5 Year Fixed Rates, and Westpac Top-Up Update
Effective Wednesday, 13th November St George, Bank of Melbourne and BankSA increased their 4 and 5 year fixed rates by 0.20%. Check out the new rates below or in iLend™.
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Create your own Mail Stationeries in iLend™
Automate your business stationaries in iLend™ today and get the most out of your CRM.
Producing your client emails and letters from within your iLend™ CRM will save you critical time each day. Simply setup your own stationeries in your System Tab and then send emails or letters to clients automatically throughout the loan process from within iLend™
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Trendy Words Get Dictionary Status
A number of new words have been made official, with popular vernacular continuing to influence the English language. Technology, social media, fashion, and gastronomy all had something to say in the latest Oxford Dictionaries Online (ODO) update, with a number of buzzwords once again making the cut. Twerk, derp, selfie, jorts, and unlike were just some of the new words added, with the inclusion of popular and transitory expressions causing some controversy in linguistic circles.
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Westpac Decreases 2 Year Fixed Rate
Effective Tuesday, 12th November Westpac decreases its Special 2 year fixed rate to 5.59% p.a., a 0.06% reduction. This applies to home loans with an LVR of less than 80% and salary/wages are to be credited to a Westpac account and either insurance, credit card, Kiwisaver, personal loan, savings account or term deposit.
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AMP Increases Fixed Rates
Effective Sunday, 10th November AMP increased their 2 and 3 year fixed rates by up 0.10%.
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ASB decreases 2 Year Fixed Rate
Effective Friday evening, 8th November ASB decreases its 2 year fixed rate by 0.11%. This special applies to existing home loans for refixes, rollovers and restructures, as well as new home loans with an LVR of 80% or less.
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CBA Increases 2 and 3 Year Fixed Rates
Effective Thursday, 7th November CBA increased their 2 and 3 year fixed rates by up to 0.20%. See the table below for the new rates.
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iLend Release Notes V3.10.2
iLend Release Notes V3.10.2
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Macquarie Increases Fixed Rates
Effective Thursday, 7th November Macquarie increases their 3 and 5 year fixed rates by up to 0.20%.
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Homeloans’ Ultra and Ultra Plus Products
Effective Monday, 4th November Homeloans decreased their Ultra and Ultra Plus products by 0.10% for home loans greater than or equal to $500,000. See the table below.
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ING’s Reduced Equity Fee and the St George Group’s Basic Home Loan
Effective Monday, 4th November ING will implement a number of changes to their Reduced Equity Fee.
- The maximum loan amount will be reduced to $$600,000 plus capitalised fees
- Fees across some of the tiered loan bands and LVRs will increase, including a loading applicable to loans for investment purposes
- The Interest Only option will no longer be available for owner occupied home loans
The above changes have been updated in the REF calculator, available in iLend™ Docs tab.
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SBS Bank Changes Fixed Rates
Effective Monday, 4th November SBS Bank increases their 6 month and 1 year fixed rates.
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ING and Suncorp Change Rates and Heritage Updates Living Expenses
Effective Friday, 1st November ING increased their 3, 4 and 5 year fixed rate by up to 0.10%.
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Jason Hayden
Phone: 1300 762 444
Fax: (02) 9225 9775
Suite 117, Jones Bay Wharf,
26-32 Pirrama Road
PYRMONT NSW 2009
email us
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> www.nationalcorp.com.au |
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