The fintech’s new tool lets mortgage brokers consolidate serviceability calculators for SMSF loans across multiple lenders.
Serviceability technology platform Quickli has launched a new product for mortgage and finance brokers that consolidates serviceability calculators for self-managed super fund (SMSF) loans across multiple lenders.
The product aims to ease common pain points for brokers handling SMSF loan inquiries, targeting the potentially time-consuming process of managing multiple lender spreadsheets, each with different policies and calculation methods.
Non-bank lenders Pepper Money, Thinktank, Bluestone, WLTH, and RedZed are among the first lenders to go live on the platform for SMSF serviceability.
The new tech includes full handling of additional contributions, including all relevant contribution caps.
Quickli said it plans to add more lenders and features in the future, including expanded SMSF policy coverage, fixed product support and product comparison.
The SMSF product has been in closed beta testing with over 100 brokers for the past few months while in development. From today, Monday (25 August), Quickli’s broker subscribers can utilise the SMSF serviceability calculator for free as part of a broader beta test, before paid monthly subscriptions are introduced.
Quickli cofounder and co-CEO Angus Keatinge said: “Brokers have been asking for this solution for years, and we’ve invested significant time and resources to get it right.
“SMSF loans are complex enough without brokers having to juggle multiple spreadsheets. This standalone product gives them the confidence and efficiency they need in this specialised lending area.”
The SMSF calculator is the latest update from Quickli, following Mortgage Choice’s recent expansion of its integration within the Broker Platform loan origination system.
In June, the fintech launched a new broker forum, the Quickli Community, in its interface to help brokers connect.
[Related: Mortgage Choice expands Quickli integration for brokers]
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