Power up your distribution channels

The Compose methodology allows you to configure a set of business logic rules which enables the dynamic generation of the Loanapp user interface and the run-time behaviour of the application form that will be completed by your lenders and brokers.

Power up your distribution channels

The Compose methodology allows you to configure a set of business logic rules which enables the dynamic generation of the Loanapp user interface and the run-time behaviour of the application form that will be completed by your lenders and brokers.

From interface rules to documents or serviceability requirements, everything is set up to cover all you need a loan application to contain:

Interface

Submission

Document

Print Forms

Product

Serviceability

Interface rules

Interface Rules determine what data fields are presented to users for completion, how the user interface behaves at run time and more importantly, how validation rules control end user behaviour and ensure all your required data is collected.

There are many different types of Interface Rules which we can set, in order for the interface to be exactly what you want your brokers to complete: visibility of items on the user interface; what data is mandatory or optional; calculating values for auto populating fields and many more.

Interface rules

Interface Rules determine what data fields are presented to users for completion, how the user interface behaves at run time and more importantly, how validation rules control end user behaviour and ensure all your required data is collected.

There are many different types of Interface Rules which we can set, in order for the interface to be exactly what you want your brokers to complete: visibility of items on the user interface; what data is mandatory or optional; calculating values for auto populating fields and many more.

Submission rules

Submission Rules validate the completed application dataset before submitting it to your loan processing platform, enabling a wide variety of checks to be performed pre-submission.

For example, submission rules can ensure that the correct percentage of Genuine Savings is included in the application for a new purchase.

Document rules

Supporting Document Rules ensure the correct set of Supporting Documents are collected based on the exact scenario within an application. As an application is completed, the Supporting Documents checklist is created dynamically by matching the characteristics of the application with your Supporting Documents rules set in Compose.

For each element of an application, you can set the exact documents which will provide proof of that element. For example, if an applicant has PAYG employment, the applicant must provide 2 payslips and a group certificate or tax return.

Document rules

Supporting Document Rules ensure the correct set of Supporting Documents are collected based on the exact scenario within an application. As an application is completed, the Supporting Documents checklist is created dynamically by matching the characteristics of the application with your Supporting Documents rules set in Compose.

For each element of an application, you can set the exact documents which will provide proof of that element. For example, if an applicant has PAYG employment, the applicant must provide 2 payslips and a group certificate or tax return.

Print Forms rules

Compose Rules also contain Print Form Rules to enable the production of a correct set of print forms based on the application and your print form requirements.

For example, A rule is created to ensure rate lock request form is presented if the application is a fixed rate product; and the customer has chosen a Rate Lock... Or, if it is a LoDoc application, include a LoDoc declaration within the set of print forms.

Product rules

The Electronic Guidebook contains lender defined Product Rules to enable users to select correct product combinations and ensure lenders receive suitable submissions. Product Rules also ensure the lenders product specifications, the product features and availability are always correctly represented at point of sale.

For example, Product X can only be selected if the application is a Pro Pack;
Or Product Y is not available for non-resident applicants.

Product rules

The Electronic Guidebook contains lender defined Product Rules to enable users to select correct product combinations and ensure lenders receive suitable submissions. Product Rules also ensure the lenders product specifications, the product features and availability are always correctly represented at point of sale.

For example, Product X can only be selected if the application is a Pro Pack;
Or Product Y is not available for non-resident applicants.

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Serviceability rules

Serviceability Rules are lender defined calculation metrics published in an Electronic Guidebook to allow implementation of pre-submission serviceability at point of sale.

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Such calculation metrics would include the variables for DSR (Debt Service Ratio), NSR (Net Service Ratio), household living expenses, income tax scales and many more.

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Serviceability Rules could also be considered an external data source independent of an application. Throwing a CAL 2 compliant application file at these rules, would return a pass or fail.

Compose

The Lender’s source of truth. Compose allows Lenders to implement their requirements directly into Loanapp, and to make change to your tool as their internal requirements change.

Get In Touch

Address : 8 Boronia Street, Redfern NSW 2016

Email : support@simpology.com.au 

Phone: 1300 746 765

Compose

The Lender’s source of truth. Compose allows Lenders to implement their requirements directly into Loanapp, and to make change to your tool as their internal requirements change.

Get In Touch

Address : 8 Boronia Street, Redfern NSW 2016

Email : support@simpology.com.au 

Phone: 1300 746 765

 Compose allows Lenders to implement their requirements directly into Loanapp, and to make changes to your tool as their internal requirements change.

The most advanced electronic lodgement tool. Loanapp is the dynamically configurable loan application tool that connects brokers and lenders in real-time.

 Compose allows Lenders to implement their requirements directly into Loanapp, and to make changes to your tool as their internal requirements change.

The most advanced electronic lodgement tool. Loanapp is the dynamically configurable loan application tool that connects brokers and lenders in real-time.

We’re a team of mortgage industry experts. Our mission is to make the mortgage application process radically more efficient.

© Simpology PTY LTD.  All rights reserved.

 

We’re a team of mortgage industry experts. Our mission is to make the mortgage application process radically more efficient.

© Simpology PTY LTD.  All rights reserved.