Home » Blog » How Valenta Loan Processing works with Connective mercury?
We have also designed an online portal to make it efficient for brokers to collect documents from clients. A good collaboration between a mortgage broker and a loan processor can see a mortgage broking business grow to new heights.
What is Connective Mercury?
Connective is a website or program which acts as a repository where information, financial policies and related documents or items and contents are collected and stored. It’s a transparent application helping brokers aggregate or speeds up the business by displaying them or linking them.
Why is Connective Mercury used?
- Connective has made some of the work easy for brokers to access the right resources with effective linking to related information.
- It also provides up-to-date lender requirements to the Brokers to keep abreast of any changes in the lending policies.
- Stores information related to loan, borrowers, tax, insurance, etc
- It makes serviceability calculations easy for the brokers by providing information related to calculation policies.
- Interactive security guidelines are stored and linked for broker use.
- It provides Federal, State guidelines to be followed for Credit Lending.
- The status of the loan has interacted through the application with the related banks.
- Effective interaction enabled across all channels of Banking.
Benefits of Valenta Loan Processing from Connective Mercury:
- Documents can be stored and reused easily.
- TFN removal is one touch go which helps to remove the TFN in the document without any hassle.
- Borrowing capacity calculation made easy. (Eligibility)
- Easy calculation of loan amount or funds required to complete the transaction
- Many products and lenders at our fingertips make suggestions to brokers and customers.
- Lender contacts, lender documents are readily available and do not have to go to the banks’ website to download them.
- Tasks can be added as per our requirements and monitoring of the files becomes simpler.
- Helps to keep NCCP up to date. All the documents are already available and ready to print when needed.
- Easy Lodgement through Connective.
- Every day new updates are stored and made interactive through Connective.
- Browse through lender customer care number and BDM as well.
- Settlement summary report made easy every month
Features of Connective Mercury:
- Interactive and adaptable technology with correlated links.
- Amend and Re-amend details as per customer requirements related to the chosen banks.
- Generating new compliance documents as per chosen banks regulation.
- Easy access to email client through the same.
- Maintains Data security.