Westpac CEO Peter King says the bank has invested in a digital mortgage process which makes it possible to approve home loans much quicker.
'For a simple mortgage you can get a yes unconditionally in two days � one day if you've got all your documents,' he told Sky News Australia.
'Those investments are paying off and we certainly feel like we're back in the mark in terms of processing times.
'That capability will be rolled out to brokers in 2022, so it's already started.'
Mr King's remarks come in the wake of Westpac's annual cash earnings of $5.35 billion � more than double last year.
Westpac management appears to be nothing but incompetent, have lost billions of share holders money... Unbelievable badly run business
@KevinSmith-ve9sy Says:
This is where ppl are gonna lose their homes ownership to the government , putting deeds into digital space subverts ownership , the purchaser will have no deeds and no legal right of ownership on their house or land that it sits on ! One mantra of the NWO is that “you will own nothing and be happy” and another is that
“The government will own and supply all housing needs”
@lindathompson6378 Says:
Its more likely to speed up digital passports. Digital everything. Nothing to do with speeding up mortgages
@daleanderin1 Says:
Always be wary when they advise of any digital service being used as a "convenience" to benefit the public.
@lindamcwilliam8501 Says:
What banks??
Branch closures.
Wyong
The Entrance
Terrigal
More opportunities for things to go wrong and know one is accountable for it, can just blame technology.
Great opportunity for false information and theft, laundering plenty of that going through westpac.
@crowsfan691 Says:
How long until it gets linked to your vaccination passport, the My Health Record and your emissions data?
@peterburke8650 Says:
Return on capital has fallen... lol the only capital a bank has is branches.... hold you lease the buildings...oh dear ...they also print money out of thin air.oh dear so what has a bank got absolutely nothing zilch.what a farce this world is.
@aarongiorno1603 Says:
Westpac are criminals and are going to pay.
@cognitivedissident9825 Says:
Where's your Melbourne protest coverage?
@paulm7827 Says:
How about some incentives for women to get home loans, negative interest perhaps? White men own everything, now it's our turn, move aside oppressors
@megasquirrel7944 Says:
Strong Australian banks are good for Australia especially during times of financial uncertainty. Better working with an Australian bank rather than an overseas one. There are many banks to choose from, apart from the big four. There is Macquarie bank, Bendigo bank, Bank of Queensland or credit unions for those who prefer an alternative.
@leeelms4080 Says:
🦅
@leeelms4080 Says:
Good wil
@Drakesy Says:
Only 10 years behind the curve
@StealthyyyHD Says:
NEW WORLD ORDER
@KIA-MIA-POW Says:
The surcharge charged by banks to effect an overseas money transfer is extortion. The computer process for such transactions is such that the banks would be paying cents, not dollars!
@winstonsmithsoul Says:
We pretend to give you money we didn’t have. And you can pay us back with money that didn’t exist, for the rest of your life.
@juanfepenarivera2013 Says:
believing in Jesuchrist we have salvation and eternal life .
the temples or humans or money or other things not save .. only Jesuchrist is the salvatión and the way to heaven
read in the holy bible Romans 10 : 9 and 10 , St John 14 : 6 , St john 3 : 16
@crazylegs8891 Says:
If only people knew that the central bank doesn't SET rates. It merely prints money out of thin air to buy bonds and manipulate the rates instead.
@LunasTCG_CollectionsAUS Says:
Who uses banks these days 🤦♂️
@happyharry3060 Says:
All these terms & conditions,
It’s almost as if they’re only in it for the money!
@savethebrumbies4910 Says:
Seems bank should pay a welfare tax as they’re not only closing branches but obviously can afford to due to these extraordinary profits
@scottdave2183 Says:
I love your video at large but i will advice everybody who is into cryptos to Stick with ETH and BTC as much as you can guys. If everyone sells when it starts to fall, which at one point it will, the dream may be lost because of it being too volatile for companies to get behind.
@positivepawpaw7564 Says:
TAKE ON DEBT,, SO WHEN THE BIG CRASH COMES,, U.B.I. IS MORE ATTRACTIVE. STOCK UP ON LONG LIFE FOOD & LEARN BUSH CRAFT.
@tomcat3070 Says:
The Dudes a Robot he don't blink
@OzVeteran1969 Says:
Easier way to launder.
@barbaragondek1195 Says:
More inflation
@David_Camerwrongun Says:
What's that? You mean we can dupe even more people into borrowing more than they can afford so we can make even more money from them!
Let's turn everything digital so they really own nothing and we can help ourselves whenever we like
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