Product & Policy Updates
If you would like to see a wider range of news from Resimac, please see BrokerZone News.
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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
Reduced 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
Design and distribution obligations
Have you reported all Resimac-related complaints and significant dealings?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
Interest rate update
We will be increasing the variable interest rates for new business and all existing home loan customers.9 May 2023Credit 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 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 -
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
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July 2019
Resimac Ultra Plus:
New Serviceability Calculator and Postcode Location Guide15 July 2019