Australian mortgage brokers are always looking for ways to stay ahead in a competitive market. Technology has become an essential part of delivering great service and achieving success. This directory showcases the top apps, tools, and software tailored for brokers.
Whether you’re managing client data or staying on top of regulatory changes, the right tools matter. We’ve compiled solutions designed for Australian mortgage professionals. Discover how these resources can help you work smarter, not harder.
Track My Trail
Track My Trail is a bespoke software solution tailored for mortgage brokers, designed to simplify the management and analysis of your trail book. It allows you to easily monitor the fluctuations in your trail income each month, offering a clear picture of how your business is progressing and where improvements can be made.
One of its key features is its ability to provide a comprehensive view of changes in your trail income, pinpointing both the clients who are increasing their payments and those who have reduced their loan balances. This gives brokers an edge, enabling them to make prompt adjustments to their strategies and ensure their income remains stable.
In addition to tracking income, Track My Trail provides a detailed overview of client movements—whether you’re gaining new clients or losing existing ones. This function ensures you always have an up-to-date understanding of your client base, making it easier to maintain strong relationships and minimise the impact of client turnover.
Track My Trail goes beyond basic income tracking by offering valuable insights into client behaviour and broader business trends. The software helps you spot emerging opportunities, refine your strategies, and identify areas where client re-engagement may be necessary. It’s a powerful tool that empowers brokers to work more strategically, improving both client retention and overall business performance.
Website: https://trackmytrail.com.au/
BrokerEngine
BrokerEngine is an advanced, bespoke workflow and automation system specifically designed for mortgage brokers. The platform aims to streamline operations while significantly enhancing the client experience, making it easier for broking teams to scale their businesses.
What makes BrokerEngine stand out from other automation tools is its specialised design, built with the unique challenges of the mortgage industry in mind, offering a solution that generic software simply cannot match.
A major strength of BrokerEngine is its ability to automate repetitive tasks, freeing up brokers to focus on higher-value activities such as nurturing client relationships and exploring new business opportunities. This not only boosts efficiency but also ensures that clients enjoy a seamless, personalised experience from start to finish. The automation of everyday processes helps improve service consistency and quality—an essential factor in building trust with clients.
What sets BrokerEngine apart from broader workflow tools is its customisation to the mortgage process. Unlike one-size-fits-all solutions, this platform understands the complexities of the industry, with features that are crafted to meet brokers’ specific needs. From managing documents to tracking client interactions, every aspect of BrokerEngine is designed to support the unique demands of the broking team, ensuring that operations are smooth and error-free.
Moreover, BrokerEngine excels in scalability. As a mortgage brokerage grows, so too does the platform, effortlessly adjusting to the needs of a larger team or more intricate workflows.
This scalability ensures that BrokerEngine remains a valuable long-term tool, capable of supporting firms from small, independent brokers to large-scale operations without compromising performance. This adaptability makes it a robust solution for brokers looking to improve their operational efficiency while enhancing client service.
Website: https://brokerengine.com.au/
Quickli
Quickli is a user-friendly platform designed to simplify and streamline the process of servicing calculations for mortgage brokers. The website consolidates over 30 lender calculators into a single, easy-to-navigate interface, making it significantly faster and more efficient for brokers to assess serviceability across multiple lenders.
By providing accurate results along with detailed lender policy insights, Quickli removes the complexity and time-consuming aspects of servicing checks.
The platform boasts several advanced features that cater to both simple and complex scenarios. The integration of lender policy insights means that all relevant policies (such as DTI, LTI, minimum surplus allowance, and various income types) are automatically displayed based on the scenario inputs.
Additionally, Quickli employs a traffic light system to visually indicate which lenders pass or fail a given serviceability test, allowing brokers to easily identify the best options for their clients. The platform also removes the guesswork from calculations, taking care of various complex financial factors, such as HECS, self-employed income, and living expenses.
Quickli’s tool is designed to save brokers significant time and effort by handling calculations automatically, reducing the need for spreadsheets or manual entries. The website also features testimonials from brokers who highlight how the platform has made their work easier by eliminating the need to switch between multiple calculators.
Services Offered by Quickli
- Consolidation of 30+ lender calculators into one platform
- Detailed lender policy insights for accurate scenario assessments
- Traffic light system for easy identification of lenders that pass or fail
- Automatic calculation of complex financial elements, including HECS, notional rent, and self-employed income
- Quick start-up process, enabling users to begin checks in seconds
- Simplified mortgage servicing for brokers, saving time and reducing reliance on spreadsheets
Website: https://quickli.com.au/
Sherlok
Sherlok is an Australian-based technology platform designed to help mortgage brokers retain clients more effectively by automating the repricing and refinancing processes. The platform assists brokers in growing their loan books by focusing on existing clients, saving time and reducing the need to attract new clients, which can be up to five times more expensive.
With Sherlok’s automated services, brokers can track interest rates, identify refinancing opportunities, and implement proactive client retention strategies. The company aims to ensure brokers stay competitive in the mortgage industry by providing tools that simplify retention and reprice loans effortlessly.
The platform operates by analysing clients’ loan books to detect when clients are eligible for a better rate. It uses an algorithm called the “Sherlok Retention Score” to predict which clients are at risk of leaving based on their loan conditions.
This tool allows brokers to automatically reprice loans to retain clients, ultimately improving client satisfaction and reducing client churn. With features such as automated loan repricing, rate comparisons, and lead generation, Sherlok optimises mortgage brokers’ workflows, ensuring that brokers can act swiftly to maintain a strong client base.
Services Offered:
- Automated Repricing: Automatically compares and applies lower interest rates to client loans.
- Client Retention Tools: Monitors clients’ interest rates to detect refinancing opportunities.
- Retention Score: Uses an algorithm to predict client churn and provides targeted retention strategies.
- Loan Book Optimisation: Identifies valuable refinancing leads within an existing client base.
- Demo and Free Trial: Offers a free trial of the platform to allow brokers to experience its benefits firsthand.
- Client Insights: Provides reports on market trends and loan pricing, enhancing brokers’ ability to retain clients.
Email: hello@sherlok.com.au
Phone: 1300 664 886
Website: https://www.sherlok.com.au/
FinanceVault
FinanceVault is a secure platform designed to simplify the process of sharing home loan documents between borrowers and mortgage brokers. It allows users to upload and share sensitive financial documents in a safe and encrypted environment.
The platform is designed to ensure the privacy and security of user information, making it easy for borrowers to comply with documentation requests from their brokers without worrying about data breaches. FinanceVault’s service is compatible with both mobile and desktop devices, offering a convenient, user-friendly experience for all parties involved.
The platform operates through a simple 5-step process: 1) The broker sends a document request to the borrower. 2) The borrower securely logs into FinanceVault. 3) The borrower uploads the requested documents. 4) The broker reviews the documents and may ask for clarifications if needed. 5) Once everything is in order, the broker submits the documents to the lender. This streamlined process ensures a faster approval process while safeguarding all sensitive data with gold-standard encryption.
For mortgage brokers, FinanceVault is an integrated feature within BrokerEngine, providing a seamless document management solution. Brokers can easily sign up for the service, allowing them to manage multiple client requests efficiently. The platform’s design focuses on simplicity and ease of use, ensuring that both brokers and borrowers can focus on what matters: securing the best possible loan.
Services Offered
- Secure document sharing for mortgage loan applications.
- Simplified process for borrowers to upload required documents.
- Gold-standard encryption for data security.
- Mobile and desktop compatibility.
- Access for authorised persons only, ensuring privacy.
- Integration with BrokerEngine for mortgage brokers.
Phone: 1300 998 791
Website: www.financevault.com.au
