Powered by MOMENTUM MEDIA
SUBSCRIBE TO OUR NEWSLETTER SIGN UP
Powered by MOMENTUM MEDIA

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

Major bank launches new pre-qualification tool

anz new ta anz new ta
Malavika Santhebennur 5 minute read

The big four bank has announced that it will replace ANZ Toolkit, warning that old data will not be automatically moved to the new pre-qualification tool.

ANZ has announced that it is replacing its ANZ Toolkit with ANZ Qualify as the new pre-qualification tool for brokers to use to aid discussions about loans with their customers.

The major bank said it listened to feedback from brokers before including features which it says will simplify the process of calculating serviceability, qualifying a lender’s mortgage insurance application, and completing an on-the-spot pricing request.

ANZ Qualify will replace ANZ Toolkit effective 9 December, ANZ said.

Advertisement
Advertisement

“On 9 December 2019, ANZ Toolkit will be deactivated, which means you will no longer have access to the tool from that point forward,” the bank said in a statement.

“As part of our transition, your data will unfortunately not be moved into ANZ Qualify. As such, it is imperative that if you have any information/deals in the ANZ Toolkit that you require, such as pricing requests that are under review, you will need to print them out prior to 8 December.”

ANZ Qualify will be linked to the bank’s internal decision platform, allowing for consistent results across pre-qualification and final assessment.

The number of households or loans that can be captured have been increased as the caps have been removed.

In terms of pricing, the data validation functionality overlays the brokers’ discretionary pricing request to ensure appropriate outcomes. In terms of the LMI waiver, brokers can notify upfront when requesting discretionary pricing through ANZ Qualify by selecting a tick box.     

PROMOTED CONTENT


ANZ Qualify is located in the broker portal and comes with a single sign-on capability, which means brokers need only one password to securely access all necessary tools to submit an application with ANZ.

It also provides business development managers access to view brokers’ saved records to assist conversations around serviceability or pricing outcomes and provide insights into the data entered and how it may have impacted the outcome.

It also includes live chat and an auto save functionality, and can be used on mobiles and tablets.  

The bank said brokers can consult their BDMs for further information on the transition and how in-flights will be treated. The bank will also make available articles and videos to assist brokers transitioning to the new tool, including lending scenarios when they log in.

Major bank launches new pre-qualification tool
anz new ta
TheAdviser logo

Grow your business exponentially in 2022!

Discover the right strategies to build a more structured, efficient and profitable businesses at The Adviser’s 2022 Business Accelerator Program.

Visit the website here to secure your ticket.

anz new ta
Malavika Santhebennur

Malavika Santhebennur

Malavika Santhebennur is the features editor on the mortgages titles at Momentum Media.

Before joining the team in 2019, Malavika held roles with Money Management and Benchmark Media. She has been writing about financial services for the past six years.

 

more from the adviser
RBA

Breaking News

RBA makes December cash rate call

The Reserve Bank has declared its last cash rate decision for 202...

digital technology user

Breaking News

Aggregator launches ‘fully digital home loan’

Connective Home Loans has launched a new digital home loan to its...

parliament

Breaking News

Bill to expand First Home Super Saver Scheme delayed

With the final sitting day of Parliament over, the bill expand...