Westpac and the whole back to the bank manager spiel

Hi Guys,
              Just curious to know more about the Westpac campaign to give power back to the bank manager.  How much power do they have?  Is it just an ad campaign?  Are they approving loans or do they still go to town for approval?

Yur kidding me arent you.

They have no approval authority at all and is merely a glorified senior teller role.

Sure they can prepare your application and push the majic send button but if it is has a negative credit score or declined by an assesor then that is as far as it goes.

And with the way Westpac are at the moment being short of funds the credit score and UMI serviceability has been cranked up so that many deals that would have been done in the old days are now declined.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au.
Email me for your free Residex Property report Australia wide

Thanks Richard.  Was just curious to see if it was a marketing stunt or not.

Hate to say Yes.

Cheers

Yours in Finance
Richard Taylor
Residential & Commercial Finance Broker.
Ph: 07 3720 1888
richard@tayloredfinancialsolutions.com.au.
Email me for your free Residex Property report Australia wide

Thanks for that Richard.

They have as much approval authority as you and me :)  Every few years a bank runs a campaign similar to this.  Reality is  Richard is right!

Spiro Kolokithas
"see the possibilities..."
spiro@melbournemortgage.com.au
www.melbournemortgage.com.au
03 8804 1354