Bacolod
What is the 3rd stage in Loan market Blueprint?
Research and Recommendation
is the #1 software solution in the broker industry as voted by brokers
MyCRM
What is the 2nd stage in Loan market Blueprint?
Discovery
Electronic signature is, like it's paper equivalent, a legal concept.
E-sign
It’s the broker’s professional and personalized first touchpoint with clients.
Hello Pack
tool which is part of the Hello Pack that allows you to capture information from your clients by inviting them to upload their documents you require to assist them with their application.
File Invite
Tool on MyCRM is a feature that allows users to compare different products or services offered within the MyCRM platform.
Product Comparison
Specialized loan for building or renovating residential properties.
Construction Loan
A type of loan with an interest rate that remains unchanged for the entire term of the loan even if there is inflation..
Fixed Rate
This act is designed to offer consumers a high-level protection by creating rules on consumer credit and a national licensing scheme administered by the Australian Securities and Investment Commission (ASIC)
NCCP
Who is the contact person if the loan purpose is refinance?
Owner
It is an estimate of a real estate property's current market worth.
Valuation
Who is the contact person if the loan purpose is purchase
Agent
Loan to Value Ratio (LVR)
is the amount of your loan compared to the value of your property. LVR is calculated by dividing the amount of the loan by the value of the property.
Practice in which lenders present loan terms and conditions to individual applicants based on the lender's assessment of the borrower's level of risk in regards to extending credit to that particular borrower.
Pricing
Review and change of interest rate based on the current loan interest rate or as indicated in your signed loan documents.
Repricing
Detailed information, about the recommended and shortlisted lender/loan product(s); fees and charges your client is liable to pay Broker and the lender for applying for the loan
Gameplan
By enabling this feature, client's will be able to receive notifications and reminders to their client’s deal milestones, such as: loan anniversary, fixed rate expiry, etc.
Stay in touch
2 types of approval
A property purchased for the sole purpose of earning a return, either in the form of rent or capital gain. The owner does not live in the property.
Switching your loan from one product (or lender) to another, usually with a better interest rate or conditions. Your initial loan is paid out and your debt is transferred across to the new product or lender.
Refinance