Did you know that all Connective Essentials Fixed Rate loans roll off to the lowest rate applicable, on the date of the fixed rate maturity?
This ensures your clients receive the best rate possible. It removes the need for you to reprice loans once your clients roll off their fixed rates. Plus, it minimises the chance of clients refinancing with an alternate lender to benefit from new-to-bank rates.
Quicker loan approvals for quality submissions
We’re proud to have consistently achieved a median of only six days turnaround, from submission to formal loan approval for close to a year now, according to Mercury. But our median approval is as quick as two days for high quality submissions!
So here are a few tips to help elevate the quality of your loan submissions:
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Run a credit report on every client: Connective offers free Ilion credit reports through Mercury. They’re a valuable resource to understand a client’s financial history and help determine the most suitable lender for their circumstances.
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Understand identification requirements: Did you know we don’t need an ID you report for every client? If we have a valid Driver’s Licence or Passport that has the applicant’s full current legal name, including any middle names in full, this can be accepted. You’ll simply need to sight the original and take a copy of it.
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Take advantage of free upfront valuations: Connective Essentials offers free upfront valuations via the Property Hub, so make sure you include a valuation of all properties the client already owns or has signed a contract for.
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Use DocuSign in ApplyOnline and LoanApp: Your clients can accept Essential’s application and privacy form directly from DocuSign via ApplyOnline – making the process quick and easy. Please note that DocuSign in ApplyOnline is the only accepted form of digital signature.
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Confirm income for the new financial year: Now that we’ve commenced the new financial year, make sure you provide six months’ evidence for any income, such as overtime, casual work, allowances and/or penalties. Multiple combinations are acceptable such as a current payslip in FY23 and a FY22 income statement.
Further information
If you would like more on information on how to best assist your clients, please contact your Connective Essentials Business Development Manager.
