We've moved to full electronic ID verification

NEW PROCESS IMPROVEMENTS

Below is a summary of some of the key process improvements at Connective Select over the past 12 months, and in particular, the past few months.

For brokers who perhaps have used Connective Select in the past and felt we were ‘too hard’ to deal with, we’d like to think that if they were to submit a Connective Select deal tomorrow, that they would have a much more positive experience now.

Then

Now

DLE Highly forensic & 3 months main transaction account statement/s needed 30% of applications don't need DLE review & only 1 months MTA statement/s needed.

Note – heading towards 50% of applications not needing a DLE review. For those needing a DLE review, lighter touch approach.

Very rare now to receive complaints from brokers around our DLE process.
ID 2 forms of ID (including 1 photographic)- needed to be certified DVS used in AOL for ID verification and no copies of ID needed with supporting docs (effective 28 June).

VOI section in Consents & Declaration  will auto populate*

Issues with ID has been #1 QC fail reason, so this is a game changer.

*Important to print out the Consents & Declarations form after AOL data input to ensure the VOI auto populates correctly. This will reduce risk of failing QC.
AOL SUBMISSION CHECKLIST Approval Checklist Supporting Documents Checklist (on submission) – simple 1 touch submission now for data & supporting docs.

Reduced risk of brokers/BA not submitting submission supporting docs correctly and delaying assessment as a result
MTA STATEMENTS 3 months 1 month
CCR No CCR CCR available
AOL CONSTRUCTION ALERT FOR IO REPAYMENTS No alert on what was needed in AOL if wanting IO duringconstruction Construction loan repayment alert in AOL – instruction on what to do if wanting IO during construction.
CONDITIONAL APPROVALS/AIP Lengthy, onerous, overwhelming 2 parts (1) AIP letter for customers and (2) Outstanding Conditions detailed.

Simplified communication resulting in better experience from brokers & their clients,
OUTSTANDING CONDITIONS Lengthy, onerous, overwhelming Simplified communication
LOAN DOCS DISTRIBUTION Express post to customer Digidocs available

Broker/BA needs to tick the box for Digidocs in AOL ie it’s an opt-in process
VARIATIONS All Manual Majority of variations (eg increases ≤$100k; loan splits; loan merges;loan splits) can be completed via AOL.
VISA DEBIT Debit Cashcard linked to offset feature VISA Debit card linked to offset feature (new business customers effective 29 March 2021)

Only CHL funder with this feature.

Who is Select Assist?

Select Assist is the the ‘Partner Assist’ team dedicated to Connective brokers and the CHL BDM team.

The team consists of Don & Dean who between them have 30 years experience working at Adelaide Bank. Both team members are very relationship driven. They build rapport with brokers quickly and are committed to providing exceptional service to brokers. One of their key drivers is to support brokers to get their loans approved and settled in as timely a manner as possible. They both understand that for every application there is a broker who needs to be able to manage client needs and expectations.

When is evidence required?

Supply of identification documents is controlled by the ApplyOnline system validations and the Document Submission Checklist. Identification loaded will only appear in the Submission Checklist if the broker has selected ‘Evidence Provided’ as the identification verification method or if a change of name on title has been indicated.

The change of name on title indicator is a new feature where the broker can indicate that the applicant’s name differs from that on the title. This will mandate that identification documents be supplied for that applicant.

Credit Scenarios - If complex/outside policy, this will be forwarded to the Credit Team.

If a policy exception is sough a Credit Scenario Template needs to be completed and forwarded to the Assist Mailbox.

Product Questions - Queries surrounding product specifications.

Credit Scenarios - If complex/outside policy, this will be forwarded to the Credit Team.

Apply-on-Line Troubleshooting - Including the uploading of supporting documents, we can instruct or guide on how to do so but we do not upload on behalf of the broker.

Up-front valuation - Questions surrounding how it is proceeding, any priority or issue relating to up front valuations need to be directed back to Valex.

QC/DLE - Files failing; clarification on supporting documents required disputing outstanding information requested.

File status updates

Assessment queries - Including connecting brokers with assessors to discuss an application.

Complaints - Pre-settlement complaints that are not time sensitive, i.e. feedback to lodge that doesn't impact a file progress.

Valuation disputes - Guidance on how to lodge a valuation dispute.

Contracts and settlement issues - Change of product or incorrect product; delay with settlement (Solicitor) queries; documents delays, outstanding information.

Post settlement queries - Including discharges, progress payments, variations, increases and account queries, priority requests and complex queries can be directed to the appropriate area.

Retention - Pricing requests.

Fixed rate/break cost - Only able to provide a non-held figure to a BDM.

Priorities - All priority requests need to be made through the BDM (or equivalent partner support office). Requests need to be submitted by 10am (local time).

Keep up with policies and process changes

OPERATING HOURS

8:30am - 5:00pm CST

PHONE NUMBER

1300 738 336
Option 1 - Select Assist
Option 2 - Credit Scenario

EMAIL

chlselectassist@adelaidebank.com.au