Parabroking
Parabroking
Services Overview
The parabroking team are responsible in assisting the Broker with completing the financial and product analysis for clients and preparing the loan file for application lodgement. If you’re looking for a full end to end solution, you can combine the Parabroking services with our Loan Processing Services as well.
A thorough assessment will be completed on your clients supporting documentation to assess their credit worthiness and the solutions available to them.
We will conduct all the product research in your aggregator system and provide you a list of lenders and product options for you to present to your client.
We will prepare and send the compliance documents to the client for signing and ensure that the aggregator and AOL/Loanapp systems are finalised correctly ready for submission to the lender.
We will complete a comprehensive Broker Submission Note to go on the clients file and then lodge the application to the lender. The Broker Submission Note provides the lender a detailed summary of the loan structure and the clients needs and objectives.
Our comprehensive list of in scope services:
- Review and analyse bank statements and credit reports to assess the creditworthiness of applicants
- Evaluate the financial health of individuals or businesses by examining income, expenses, debts, and other relevant financial aspects of the application
- Complete lender serviceability and funding calculators
- Initiate pricing requests with the lender to negotiate a better rate for the client
- Conduct product research and analysis based on the clients requirements
- Determine correct loan structure based on clients requirements
- Complete valuation request (if required) and manage all valuer follow ups
- Complete Broker Submission Notes and liaise with the broker for final review
- Check AOL set up and correct any discrepancies
- Generate compliance documents and send to client for signing (e.g. Gameplan, SOCA, Credit Proposal)
- Lodge to the lender for approval
Looking for a full end to end solution? We also offer Loan Processing services.
OUR BENEFITS
Why choose CLPC Solutions?
Saves You Time & Stress
Product research can be time consuming! We do all the heavy lifting for you to ensure you are presenting solutions to your clients in a timely manner.
Effective Use of Your Resources
By outsourcing the financial and product analysis, you can focus on the more high value tasks i.e. the more complex scenarios or generating more leads to assist with growth.
Risk Mitigation
Our multi office and timezone approach means we have you covered regardless of any natural calamities, accidents, market fluctuations or technical crises.
Ready for a Free Demonstration?
Meet with our onshore specialists
for a full demonstration of how
CLPC Solutions can add value to
your business. We will go over our
streamlined processes and give you
examples of how we are currently
supporting brokers, just like you!
Happy Clients