Whichever political party breaks the deadlock and forms government could do much more to enhance competition within the mortgage industry maintains RESI Mortgage Corporation’s recently appointed CEO, Lisa Montgomery.

“It’s not on the radar of either side because neither has a full understanding of the issues. Ironically some of the decisions made in the so-called spirit of competition have flown in the face of it.

“So the only way we can really move forward is to create our own competitive edge,” says Montgomery who believes that the non-bank sector will be struggling to claw back the market share it lost to the Big Four banks during the GFC. Full Story