Kiwibank promises advisers 48-hour turnaround on pre-approvals
Advisers say the current processing time for pre-approvals is between five and 10 days.
So, Kiwibank’s move got at least one adviser excited, Kerikeri-based Sarah Curtis writing on LinkedIn that this is “a new option that is going to change the game.”
Financial Advice New Zealand chief executive Nick Hakes says the feedback he’s had from his members is that they view this as a positive step, although he notes that all the lenders have been reducing their turnaround times since late last year.
“They’ve had the opportunity to catch up over the Summer break,” Hakes says, but adds “clearly more can be done to deliver good consumer outcomes.”
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