With banks realing from a raft of post-royal comission compliance and remendation issues, non-bank lending has been booming, growing roughly 15% p.a. for the past 3 years. Non-bank issued RMBS’ has double as compared to the prior 2 year period. But what are the biggest challenges non-bank lendors face and how will they consolidate the small beach-head they have grabbed from the big banks in the residential mortgage market.