The supporting documents service that actually works

Reduce rework caused by missing or incorrect supporting documents

Establish and maintain a library of all supporting documents that may be required by Lenders and brokers when completing a loan application.

The supporting documents service that actually works

Reduce rework caused by missing or incorrect supporting documents

Establish and maintain a library of all supporting documents that may be required by Lenders and brokers when completing a loan application.

Features

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Documents LibraryDefine and publish all the supporting documents needed

With Compose you  can create a library of rules are published to Loanapp as the engine that generates dynamic supporting documents checklists for each loan submission. For each rule created you set a trigger which will set when this requirement must appear on end-user checklists; and the documents that are allowed to satisfy that requirement.

The end result is a checklist that tells the end user exactly what must be collected and submitted to support the loan submission.

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ChecklistsDynamically generate end-user supporting documents checklists

You can set the business logic to automatically create checklists for each application, based on the characteristics of the applicants, the products that are being applied for, and your current credit and application requirements. Brokers are able to see it in their user interface, access and share it with clients, as well as match the documents they receive with the checklist.

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Items to verifySet verification rules for each document

Not only does Compose allow you to determine what documents must be collected; but it also allows you to set verification logic for each document type, to ensure the broker collects and submits documents that meet your requirements and can actually be used.

As a simple example, you can set verification business logic that a payslip must be no older than 90 days old. Any payslip that is older will not be acceptable.

Benefits

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Easy Change Management

The moment you publish a change to your requirements, every party that is using Loanapp is instantly updated with no effort on their end. You can update or create supporting documents triggers or rules at any time. Re-publish these in line with your business time-frames, and ensure that your distribution channels are always using correct, up-to-date requirements.

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Reduce Compliance & Audit Costs

Say goodbye to the many traditional methods of ensuring distributors have your latest supporting document requirements, and any effort on your part to audit compliance and understanding of your requirements. There is no human intervention between you and the end user, what you configure is what the end-user sees, guaranteeing compliance.

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Regulate approval times

Supporting Documents functionality takes the uncertainty out of what documents are required to support each loan application. Business logic ensures brokers can confidently submit exactly what is required for faster and more satisfactory processing experiences.

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Supporting Docs rules

With Supporting Documents rules, you can set the supporting documents rules yourself. Here’s what you can do:

  • Set triggers and satisfaction rules for supporting documents requirements
  • Set allowable documents to satisfy each condition
  • Set business logic to dynamically generate end-user supporting documents checklists
  • Set indexing business logic to auto-classify submitted supporting documents and receive them in the same order for each application
  • Set triggers and satisfaction rules for supporting documents requirements
  • Set allowable documents to satisfy each condition
  • Set business logic to dynamically generate end-user supporting documents checklists
  • Set indexing business logic to auto-classify submitted supporting documents and receive them in the same order for each application

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.