As an aggregator or broker group, your revenue is - to a large extent - limited. No matter how good you are, your commissions are fixed, so the only way to improve your bottom line is to grow your network or cut your operational costs. Or both.
But how do you do either without increasing your admin overhead or undermining your service quality to your brokers and lenders. The answer is simpler than you might expect...
With a more efficient, cost-effective broker administration solution, you can expand your broker network and grow your revenue, while at the same time actually reducing your admin overhead.
We’ll help you dramatically improve commission payment accuracy and timeliness, as well as the collection and management of broker fees. So your brokers will never be underpaid, overcharged or kept waiting, and you’ll minimise troubleshooting and error-fixing time.
Plus we’ll help your broker support and compliance teams become more efficient and productive. We’ll collect, verify and maintain your broker information, accreditations, contracts and agreements for you, and undertake ACL and file compliance reviews on your behalf.
What’s more, by adding our white label lending products to your panel, you’ll attract more brokers. And when we, in turn, help your brokers process their loans more efficiently, they’ll write more loans, and you’ll grow your share of revenue.
All Loanworks solutions are fully compliant with the regulatory requirements set out by the Australian Prudential Regulation Authority (APRA) and the Australian Securities and Investments Commission (ASIC). We have achieved ISO27001:2013 accreditation, which encompasses data security, privacy, business continuity practises and risk management practices. What’s more, Loanworks is an APP entity under the Australian Privacy Act, and we employ specialist legal support from a panel of law firms to ensure ongoing compliance with Australian Privacy Laws.
Loanworks can work with you to develop comprehensive service levels that reflect your unique business standards and requirements.
We’ll commit to delivering on these service levels with tight service level agreements (SLAs), and we’ll also conduct regular performance reviews throughout the engagement, to ensure your complete satisfaction.