Accessing Quick Tools
Quick Tools are streamlined broker tools that allow users to quickly generate quotes for funding, products, and refinance benefits for their clients.
Quick Tools for Home Loans can be accessed from the main left sidebar menu.
Maximum Borrowing
To access the Maximum Borrowing quick tool, click the 'Add new' button and choose 'Maximum borrowing' from the dropdown list.
Inputs
Add a 'Scenario name' and add existing or a new client by clicking on 'Add applicant' button:
For new clients, please add the first name as a minimum. Other details can be added when creating a new deal from servicing scenario.
To test a possible future rate change, enter a figure in the 'Rate change' field (negative for reduced rate and positive for increased rate). This will apply the rate change to all lenders in the result.
Next, expand each sub-section under the 'Applicants' section, and click 'Add' button underneath it to add details for each applicant.
Income, Expenses, Security and New Loan details are required for results.
By clicking on the 'Eye icon', additional fields are shown which could be used for more accurate servicing calculation.
After entering all the necessary client information, choose either all lenders or your preferred ones from the 'Lenders' drop-down menu.
When finished with the data input, click the bottom 'Save' button.
Results
Throughout the input process system will update the calculations, showing how many lenders on the panel are returning outputs.
Results will show maximum borrowing amount (green if within required parameters); net surplus, DTI, NSR and policy summary for the inputs.
The option to edit the rates of each lender individually, like applying a known discount, click the 'Edit rates' button.
Quick Actions
From the 'Quick Actions' button you can:
Create a new deal from the inputs
Download the inputs and results as a PDF document
Create Deal
To create a new deal from the Maximum borrowing quick tool, click on Quick Actions > Create New Deal and select the destination workflow.
Complete any missing information and click "Save" button.
Scenario information transferred to the new deal will include all completed personal information, income, expenses, assets & liabilities, security information and loan parameters.
Download Document
To save this scenario as a PDF file, click on 'Quick Actions' button and choose 'Download Document'.
This will download the document to your designated download folder.
Product Comparison
To access the 'Product Comparison' quick tool, go to Quick Tools > Home loan > 'Add new' and select 'Product comparison' from the dropdown list.
Search Inputs
Add scenario name, select all or individual lenders and input your search criteria.
Then click "Search" button.
Red fields are mandatory to obtain result.
Search Results
Selecting Products for Comparison
The system will display products in a list.
Click '+' icon to select the product for comparison or 'arrow' icon to see product details.
Up to 4 products can be selected for comparison.
In the 'Product Comparison' feature of Quick Tools, you cannot add the same product multiple times for comparison.
Show Compare Products
Clicking the 'Show Compared Products' button will take you to the detailed comparison page, where you can analyse the options, edit the rates and fees and pick the recommended option.
In case you wish to go back to product search page and pick different products for comparison, click the 'Edit Inputs' button.
Download Document
To download the product comparison document as a PDF file to your device, click the 'Download document' button.
The document will be downloaded to your designated download folder.
Refinance Analysis
Input & Results
To access the 'Refinance Analysis' quick tool, go to Quick Tools > Home loan > 'Add new' button and select Refinance analysis from the dropdown list.
Complete the 'Scenario Name', 'Existing Liability' and 'Proposed Loans' sections as minimum to calculate the 'Refinance Benefit'.
Download Document
To download the refinance analysis document as a PDF file to your device, click 'Download Document' button.
The document will be downloaded to your designated download folder.
Funding Worksheet
To access the 'Funding Worksheet' quick tool, go to Quick Tools > Home loan > 'Add new' button and select 'Funding Worksheet' from the dropdown list.
Inputs
Funds Required
Complete the 'Scenario name' and all required fields marked in red.
Additional securities can be added with the 'Add security' button.
Funds Available
Add details such as proposed loan amount, deposit and/or savings.
The system will calculate base and total LVR %, Stamp duty, Land transfer fees and mortgage registration fees.
Values that have the 'Edit' checkbox next to them, can be edited.
If First Home Buyer box is ticked, stamp duty will be $0
If LVR is between 80% and 95%, LMI will be calculated.
At the bottom of the page, in the 'Total Funds' section, surplus will be marked in green and deficit in red.
Download Document
To download the funding worksheet document click 'Download document' button.
The document will be downloaded to your designated download folder.