We are seeing increased complexity in mortgage lending and this has led to many borrowers finding it impossible to have their home loan needs met.For the estimated $370b of mortgages coming off fixed rates in 2023, many borrowers are expected to experience a minimum increase of 48% in their monthly mortgage repayments, with some facing increases of up to 291% per month. At WAVE MONEY, we believe that providing borrowers with the flexibility to move to or stay on interest-only repayments can provide the greatest relief for those facing significant increases.Unfortunately, this may not be an option for borrowers whose current lender will not allow them to extend or move to interest only repayments and refinancing to new lenders who have similar policies will not provide the necessary relief. Increasingly we will see instances of borrowers that have become “mortgage prisoners” with their existing lenders, unable to vary their existing arrangements and unable to refinance to a new lender to achieve more favourable terms due to the interest rate buffers applied by the lender that impacts loan servicing and results in a failed application. This is made worse when these borrowers have other mortgages or loans and the interest rate buffer of 3.0% is applied to these loans also. We understand that borrowers need more than just lower interest rates to navigate this challenging environment.Borrowers will require a lender like WAVE MONEY that applies a buffer of 2.5% only to the facility being sought and no interest rate buffer on any other existing loans.Our approach to lending is focused on supporting brokers and their clients by providing the flexibility and support they need to navigate this challenging environment.We believe the credit decision process requires people and expertise because each borrower’s situation and requirements are unique, particularly the self-employed.WAVE MONEY exists to deliver residential mortgage solutions to an increasing pool of borrowers whose needs are not being met by many bank and non-bank lenders. If you would like to become an accredited broker, please reach out directly or via our website.E: joe.denham@waveymoney.com.auW: https://wavemoney.com.au/brokers/
Wave Money
View- Website:
- wavemoney.com.au
- Employees:
- 3
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Senior Broker Relationship ManagerWave Money Jan 2023 - PresentQueensland, AustraliaWave Money is a leading Australian non-bank lender established to deliver residential mortgage solutions and exceptional service exclusively via brokers to an increasing pool of borrowers whose needs are not being met by traditional bank and non-bank lending institutions. Wave Money’s mortgage service proposition comprises best-of-breed technology for each stage in the process and the customer and broker experience is powered by onshore people, expertise, and relationships.Wave Money operates our own funding warehouse, funded by our shareholders- Our money, our policy, our process- Our decision as to how and with whom we do businessTarget Customer Segments- Prime / First Wave – PAYG and Self-Employed- Alt Doc / Set Wave – Self Employed borrowers requiring alternative forms of income verification- Specialist / Peak Wave – Cash Out, Business Purpose Lending, Company and Trust Borrowers
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PrincipalRay White Ashgrove Oct 2012 - Oct 2022AshgroveWith my sufficient background and expertise, I have been able to draft and maintain records and files of all maintenance and labour contracts, rentals, and correspondence with the management company, ensuring all business transactions are conducted properly and on time.Within this role, I have been able to coordinate communication between the legal department and the development team to obtain the property owner agreements from the legal department in a timely manner.I have been able to establish and train best practises for all lease administration critical functions, including, abstraction, critical date monitoring, rent and operating expense management, auditing, documentation, and compliance.I was able to maintain standard operating practises for lease-related documentation and abstraction of critical information, including rent and other financial obligations.This experience has allowed me to facilitate alignment between internal stakeholders to maintain the highest level of compliance related to leasing obligations such as financial, operational, and regulatory.This role has allowed me to grow exponentially – furthering my skills and abilities, where I have utilised my professional experience in property management, project assistance, client relationship management, and competitive analytical skills to provide continuous outcomes with regularity. -
Queensland State ManagerLiberty Financial Pty Ltd May 2011 - Oct 2012Brisbane -
Nsw/Act State ManagerAussie Apr 1996 - Mar 2011SydneyThis position allowed me to establish and maintain collaborative relationships with all levels of management, including compliance, risk management, sales management, and audit, to resolve issues appropriately and effectively.With my demonstrated experience and industry background, this allowed me to provide finance with all the information and requirements to process payments and to create accurate financial reports to support the department on cost control.This experience allowed me to utilise my customer service, managerial skills, technical training, and practical work experience in a professional environment that fosters creativity, productivity, and growth.I was able to identify financing options for loans through an assessment of pricing and borrower characteristics and evaluate credit risk.I have been able to ensure that all work is done under the appropriate technical guidelines and that operational policies and procedures are followed for each line of business.This role allowed me to deliver outcomes with excellent interpersonal skills, business operations, quality assurance management, sales and account management, allowing me to achieve extraordinary results that I have carried into other roles. -
SalesRay White Paddington 1989 - 1995
Joe Denham Education Details
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St Marys Toowoomba
Frequently Asked Questions about Joe Denham
What company does Joe Denham work for?
Joe Denham works for Wave Money
What is Joe Denham's role at the current company?
Joe Denham's current role is Senior Broker Relationship Manager @ WAVE MONEY.
What schools did Joe Denham attend?
Joe Denham attended St Marys Toowoomba.
Who are Joe Denham's colleagues?
Joe Denham's colleagues are Jessica Hoare, Tetiana Kurtseva, Adam Robson, Steven Marinucci, Kayah Lay, Brad Allen, Elaine Coyle.
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Joe Denham
Chairman, Vegtrug Companies, Chairman Of The Board, Gardenex, Chairman Of The Board, Essex Chambers Of CommerceUnited Kingdom2joedenham.com, vegtrug.com -
Joe Denham
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