Product and Policy Updates
Here you can find Broker Updates sent to mortgage brokers via email about the latest on Resimac products, policies, rates, resources and events.
If you would like to see a wider range of news from Resimac, please see BrokerZone News.
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November 2024
Prime Alt Doc promotion ends
Our current Resimac Prime Alt Doc promotional pricing will end on Friday 29 November 2024.26 November 2024Resimac policy updates
Effective 14 November 2024, we have made some changes across our product policies.20 November 2024560km in 7 Days: Rodney's Challenge for Invictus Australia
Rodney 'Rocket' Cottam completes 560km challenge for Invictus Australia.7 November 2024 -
October 2024
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September 2024
Prime Alt Doc rates just got sharper
Check out our latest limited-time offers on our Resimac Prime Alt Doc and Prime Full Doc.24 September 2024New SMSF product and improved Prime Alt Doc
Find out more about Resimac's SMSF product and the updates to our Prime Alt Doc offering.12 September 2024 -
August 2024
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July 2024
Prime Alt Doc reduced rates
Resimac is reducing rates on Prime Alt Doc for a limited time.30 July 2024Reminder on Design and Distribution Obligations
Mortgage brokers are required to report all Resimac-related complaints and significant dealings under the Corporations Act 2001.26 July 2024New Resimac SMSF product - pilot launch
Effective 29 July 2024, we are launching a pilot of our new SMSF product.22 July 2024Prime Alt Doc max loan amount increase and 80-90% LVR rate reductions
Introducing changes to our Prime Alt Doc product and removal of high density postcodes.16 July 2024Help your self-employed clients consolidate their tax debt
The ATO is issuing notice of intent to disclose tax debt — assist your self-employed clients today.2 July 2024Updated Resimac servicing calculator
We have updated our serviceability calculator (v6.4), effective 1 July 2024.1 July 2024 -
June 2024
Upcoming fee changes to Resimac Prime products
Settlement fees will apply on Prime by 1 July. New valuation fee collection process from CoreLogic.19 June 2024The value of self-employed borrowers
Self-employed clients may not have standard financial documentation – our Alt Doc products can help.4 June 2024 -
May 2024
The opportunity in non-prime lending with Resimac
At Resimac, we specialise in assisting brokers to help non-conforming and near prime borrowers.21 May 2024Resimac products to grow your business
We've recently enhanced our Resimac Prime Alt Doc & Specialist products to help grow your business.7 May 2024 -
April 2024
Reminder on Design and Distribution Obligations
Mortgage brokers are required to report all Resimac-related complaints and significant dealings under the Corporations Act 2001.26 April 2024We've removed clawbacks on all of our Specialist products
There's never been a better time to work with non-conforming clients.23 April 2024NEW: Prime Alt Doc up to 90% LVR; mobile app for customers
Prime Alt Doc will be more accessible; mobile app to offer better experience for customers.10 April 2024 -
March 2024
3 lesser known ways specialist lending can help you with tricky clients
Borrowers with 'bad credit' aren't the only clients that specialist lending can accommodate.27 March 20244 reasons your self-employed clients belong with Resimac
Opportunities to purchase property, refinance, consolidate debt & use equity for business purposes.12 March 2024Changes to Prime Alt Doc
From 4 March, Prime Alt Doc rates will increase for interest-only and over 70% LVR.1 March 2024 -
February 2024
Credit policy changes and updated serviceability calculator
From 4 March, we won't require credit card and loan statements.27 February 2024Grow your business with our Near Prime and Specialist products
We have competitive product solutions to cater for your customers.13 February 2024Resimac is moving to Comprehensive Credit Reporting
From 12 Feb 2024, we'll start receiving CCR on all loan applications.8 February 2024 -
January 2024
Submitting your loans in 2024 is easier than ever
Improved SLAs, streamlined tools, fewer supporting docs.30 January 2024Reminder on Design and Distribution Obligations
Mortgage brokers are required to report all Resimac-related complaints and significant dealings under the Corporations Act 2001.16 January 2024 -
December 2023
Greater flexibility with recent product and policy changes
Increased max loan amounts, multiple offsets, changes to LVRs for units.13 December 2023Interest rate update
New investor rates will apply for all new Prime Flex, Prime Standard and Prime Alt Doc up to 80% LVR applications from 18 December 2023.5 December 2023 -
November 2023
Revealed: the secrets to simpler loan submissions
Mastering the digital tools integrated into ApplyOnline can streamline your loan applications.28 November 2023Interest rate update
We will be increasing the variable interest rates for all new and existing home loans across all products by 25bps.15 November 2023 -
October 2023
Extended! Reduced rates offer for investors
Prime rates starting from 6.14%p.a. (6.44%p.a. comparison rate)31 October 2023Experience the benefits of streamlined applications
eSign is here! This minimises paperwork and saves time.17 October 2023Reminder on Design and Distribution Obligations
Mortgage brokers are required to report all Resimac-related complaints and significant dealings under the Corporations Act 2001.3 October 2023 -
September 2023
New serviceability calculator and changes for Resimac customers
We are introducing a new serviceability calculator (version 6.2). The main changes are: up-to-date HEM data and use of net rental income rather than gross rental income. For customers, we have changed some fees, advised of changes to CustomerZone terms and conditions, and will be emailing those with multiple loans about improvements to CustomerZone.18 September 2023 -
August 2023
Our new low Prime rates are a hit! Here is why.
Brokers have found early success with investors and the self-employed using our promotion.22 August 2023Reduced pricing for investors owner-occupiers and the self-employed
We offer the same low rates to owner-occupiers, investors, P&I and I/O on our Prime Full Doc products up to 80% LVR. We've also reduced and standardised the pricing for Prime Alt Doc.15 August 2023Improved forms
We've simplified three frequently used forms: Accountant's Verification, Declaration of Financial Status and Loan Introducer Alt Doc Checklist.8 August 2023 -
July 2023
Refinancing with Resimac can help put clients in a better financial position
Reduced serviceability assessment buffer and features like debt consolidation and unlimited cash out.26 July 2023Reminder on Design and Distribution Obligations
Mortgage brokers are required to report all Resimac-related complaints and significant dealings under the Corporations Act 2001.5 July 2023 -
June 2023
Interest rate update
We will be increasing the variable interest rates for all new and existing home loans across all products by 35bps.16 June 2023 -
May 2023
Credit and cash out changes
We have made important changes to credit documentation and Prime Alt Doc cash out policy that will make applications easier.30 May 2023Grow your business with Resimac's latest initiatives
Commission increases and reduced rates are some of the improvements to help you drive more business.17 May 2023Interest rate update
We will be increasing the variable interest rates for new business and all existing home loan customers.9 May 2023 -
April 2023
Reduced rates, new calculator
Resimac has dropped interest rates on Prime Alt Doc, Specialist Full Doc, and Specialist Alt Doc products.27 April 2023 -
March 2023
Increased commission
More upfront and trail commission for Prime Alt Doc and Specialist products.7 March 2023Interest rate update
We will be increasing the variable interest rates for new business and all existing home loan customers.13 March 2023New serviceability calculator
Resimac has introduced a new serviceability calculator that brokers must use for applications from 16 March 2023.14 March 2023New ApplyOnline tools to help brokers receive a faster yes
We're pleased to announce Resimac is streamlining the task of applying for home loans by adding two valuable tools to our ApplyOnline portal provided by NextGen.30 March 2023 -
February 2023
New Resimac LMI Premium Calculator
Resimac has an updated Helia LMI Premium Calculator.15 February 2023Interest rate update
We will be increasing the variable interest rates for all existing home loan customers.14 February 2023 -
January 2023
Design and Distribution Obligations
You are required to report all Resimac-related complaints and/or significant dealings within 10 business days of each occurrence.20 January 2023 -
December 2022
Interest rate update
We will be increasing the variable interest rates for all existing home loan customers.15 December 2022 -
November 2022
Interest rate update
We will be increasing the variable interest rates for all existing home loan customers.7 November 2022Launching CustomerZone
Resimac will launch a new online loan management platform called CustomerZone. We hope these changes will benefit your Resimac-funded customers.8 November 2022 -
October 2022
Interest rate update
We will be increasing the variable interest rates for all existing home loan customers.6 October 2022Changes to commission reports
Resimac will launch a new online loan management platform. One change aggregators will notice is a new look to the upfront and trail commission reports.20 October 2022 -
July 2019
Resimac Ultra Plus:
New Serviceability Calculator and Postcode Location Guide15 July 2019 -
September 2022
Interest rate update
We will be increasing the variable interest rates for all existing home loan customers.19 September 2022Update on our Line of Credit options
Our Line of Credit options on Resimac loans have been formally removed from sale effective Friday 16 September 2022.19 September 2022 -
August 2022
Serviceability calculator and updated forms and policy
New calculator, forms and policy to offer you and your clients an improved experience.25 August 2022 -
July 2022
Design and Distribution obligations
You are required to report all Resimac-related complaints and/or significant dealings within 10 business days of each occurrence.8 July 2022 -
May 2022
Interest rate update - Prime Flex Investment Comparison Rate Correction
Comparison rates for our Prime Flex Investment product were incorrect when published. The interest rates for our Owner Occupied product were correct. We have included an interest rate for Prime Investment Interest Only loans above 90%.20 May 2022 -
April 2022
Design and Distribution Obligations
You are required to report all Resimac-related complaints and/or significant dealings within 10 business days of each occurrence.4 April 2022 -
March 2022
Assessment times update
We’re experiencing a surge in demand for products, especially our Prime Alt Doc and Specialist products, which means SLAs are longer than usual.22 March 2022Design and Distribution obligations
You are required to report all Resimac-related complaints and/or significant dealings within 10 business days of each occurrence.31 March 2022New LMI premium calculator available - download here
Genworth, Resimac's Lender's Mortgage Insurance (LMI) partner, has issued a new LMI Premium Calculator.18 March 2022 -
February 2022
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January 2022
Design and Distribution Obligations
You are required to report all Resimac-related complaints and/or significant dealings within 10 business days of each occurrence.5 January 2022 -
November 2021
Doc requirement changes
Additional doc requirements eased in NSW and VIC and Alt Doc business bank statement changes18 November 2021Update to Assessment Interest Rate Policy
Additional doc requirements eased in NSW and VIC; business bank statement changes for Alt Doc applicants23 November 2021 -
October 2021
Prime & Prime Flex rates cut and max loan value increases
Interest rates reduced by 15bps and Prime Alt Doc max loan values have increased.1 October 2021 -
September 2021
Design and Distribution Obligations
New requirements mean we have to prepare and distribute a Target Market Determination for each of our products.15 September 2021 -
March 2021
Resimac Prime Alt Doc and Specialist
Resimac Prime Alt Doc rate now 2.99% (comparison rate 3.03% p.a.) across all LVR12 March 2021 -
January 2021
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December 2020
Resimac Prime and Specialist
Update to Credit Policy — Victorian Unit Securities17 December 2020 -
November 2020
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October 2020
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September 2020
Resimac Prime and Specialist
New ApplyOnline 'Compliance' tab Responsible Lending Summary21 September 2020 -
August 2020
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July 2020
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June 2020
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May 2020
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April 2020
Resimac Prime and Specialist:
Supporting Document Checklist and Loan Writer Accreditation Checklist22 April 2020 -
March 2020
Resimac Prime and Specialist:
Remote Identification and Application Form Digital Signature Acceptance31 March 2020 -
February 2020
Resimac Prime:
Save 0.07%pa on loans above $500,000 – offer ends 14 February 2020!7 February 2020 -
January 2020
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December 2019
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November 2019
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October 2019
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September 2019
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August 2019