In Praise of HomeSide

[hysterical]

If you are a four-star broker with homeside you can order valuation yourself.

Hi

So how do us as clients know if we are engaging a four star broker ?

Thank you

 

[Rolf Latham]

Hi

So how do us as clients know if we are engaging a four star broker ?

Thank you

Ask : )

Most brokers (by number) wont be, because they dont do enough deals to make the lowish threshold ( and there are some quality hurdles too)

Most moderate volume brokers would be 4 star.

ta

rolf

 

[Spectre]

Homesides in the process of opening up their valuations to 3 star brokers so they'll submit more business and become 4 stars.
So probably the question isnt if youre a 3 or 4 star but how long you've been one.

 

[Mick C]

Homesides in the process of opening up their valuations to 3 star brokers so they'll submit more business and become 4 stars.
So probably the question isnt if youre a 3 or 4 star but how long you've been one.

Dw abt the valuation part...when ur 4 star you get access to special treatment; 95% LVR, faster approval and credit tend to be more "kinder" from my exp....that's the reason why on the online app they ask are you 3 or 4 star.

It's not a fair system; but it's business. Also nab's star system is the easiest to obtain out of all the banks ( no volume hurdle - but quality) ....CBA Diamond broker and The dragon's Flame broker is very hard to maintain due to it's massive volume hurdle 0.o

Regards
Michael

 

[Mick C]

Hi

So how do us as clients know if we are engaging a four star broker ?

Thank you

We get given a confirmation/ certificate from NAB once every 6 month to confirm what star broker we are...so you can ask for a copy if you must.

Same goes for St George and CBA....CBA tend to give out a big glass trophy as well; great for the office


Regards
Michael

 

[Rolf Latham]

Hi Mick

There is a BIG Chasm between HSL 4 star and CBA diamond...................


ta
rolf