Westpac invests in service to woo mortgage brokers

Westpac told a mortgage industry briefing that it would hire 60 more people to speed up and improve the quality of home loan processes sourced from third-party brokers. Westpac wants to lift the share of broker-originated lending to about 30 per cent of its book compared with current levels of around 20 per cent which the bank hopes will arrest a decline in market share over the last 18 months.