Market Chatter: New Zealand Mortgage Broker Survey Ranks ANZ First in Terms of Performance

MT Newswires Live
May 19

ANZ Group's (ASX:ANZ, NZE:ANZ) ANZ New Zealand was ranked first, with a weighted performance score of 75%, in a survey of performance by mortgage brokers conducted by Adaptive Intelligence, according to a Tuesday report by Interest.co.nz.

The survey was completed by 224 brokers between April 2 and April 10, per the report.

ASB, owned by Commonwealth Bank of Australia (ASX:CBA) and New Zealand's second biggest home lender, ranked second with a weighted performance score of 71%, followed by Kiwibank with a score of 70%.

Westpac Banking's (ASX:WBC, NZE:WBC) New Zealand bank achieved a weighted performance score of 67%.

The survey identified flexible credit policy, commitment to the adviser channel, helpful credit assessment staff, fast turnaround times, and best product pricing as "very important" factors, per the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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