Mortgage broking in Australia is evolving, and technology is leading the way. With countless apps and tools on the market, finding the best fit can be overwhelming. This directory narrows down the top solutions for Australian brokers.
From boosting productivity to automating routine tasks, the right software can transform your business. These tools are built with Australian regulations and client needs in mind. Stay focused on what matters most: helping your clients succeed.
Track My Trail
Track My Trail is a tailored software solution crafted specifically for mortgage brokers, offering a straightforward yet powerful way to monitor and optimise your trail book. The platform allows brokers to effortlessly track monthly changes in their trail income, providing a clear view of how your business is evolving.
One of the standout features of Track My Trail is its ability to highlight both increases and decreases in trail income. The software provides an immediate overview of client repayments, identifying those who have significantly reduced their loan balances. This gives brokers the opportunity to adjust their strategies promptly and ensure their income is as robust as possible.
Moreover, Track My Trail offers detailed tracking of client movements—whether you’re gaining new clients or losing existing ones. By keeping you informed of these shifts, you are empowered to maintain a solid client base and ensure long-term success. This feature is crucial for maintaining healthy relationships and staying on top of client retention.
Beyond monitoring trail income, Track My Trail provides invaluable insights into client behaviour and business trends. With this data, brokers can identify emerging opportunities, optimise their client strategies, and pinpoint areas where re-engagement may be needed. Ultimately, Track My Trail helps brokers work smarter, not harder, by offering the tools needed to stay proactive and maintain a thriving business.
Website: https://trackmytrail.com.au/
BrokerEngine
BrokerEngine is a highly customisable workflow and automation solution designed exclusively for mortgage brokers. This platform is engineered to streamline operations while significantly enhancing the client experience, providing mortgage teams with the tools they need to optimise their processes at scale. Unlike generic workflow software, BrokerEngine is built specifically for the mortgage industry, offering a highly specialised approach that meets the unique demands of broking teams.
A key strength of BrokerEngine lies in its capacity to automate everyday tasks and workflows. By reducing the burden of manual tasks, it frees up brokers to focus on what really matters—building client relationships and pursuing strategic opportunities. This not only increases operational efficiency but also improves service quality, ensuring that clients receive a more seamless and personalised experience throughout their journey.
What truly sets BrokerEngine apart from other automation platforms is its tailored approach. It understands the intricacies of the mortgage process and addresses the particular challenges brokers face, making it far more effective than broad, one-size-fits-all tools. Every feature is carefully crafted to align with best industry practices, giving brokers a solution that is both practical and perfectly suited to their daily needs.
BrokerEngine also stands out due to its scalability. As a brokerage grows, the platform grows with it, adapting effortlessly to expanding teams and more complex workflows. Whether you’re a small, local firm or a large-scale operation, BrokerEngine ensures that performance remains top-notch, making it an enduring solution for brokers looking to improve efficiency and deliver exceptional service over the long term.
Website: https://brokerengine.com.au/
Sherlok
Sherlok is a powerful tool designed to automate the client retention process for mortgage brokers, making it easier to retain clients and grow a loan book through proactive measures. The platform automates the process of repricing loans across all lenders, allowing brokers to keep their clients happy by ensuring they get the best possible rates.
With Sherlok, brokers can predict the churn rate of their loan book using a unique algorithm called the “Sherlok Retention Score”. This score helps brokers identify loans at risk of being lost and provides the necessary insights to take action before clients leave.
The platform continuously monitors clients’ interest rates, compares them with other lenders, and identifies valuable refinancing opportunities that are then sent directly to the broker’s inbox.
Sherlok’s main features include automatic loan repricing, risk prediction for client retention, and the ability to spot refinancing opportunities within a broker’s existing trail book. This tool not only simplifies the task of keeping clients but also saves brokers time and effort, enabling them to focus on growing their business without losing clients.
The company offers a free trial, allowing brokers to experience the service before committing, and it provides additional resources like the Home Loan Pricing Spotlight Report, which offers valuable insights into the mortgage industry. Sherlok is also available for homeowners, and its services are backed by a comprehensive support system.
Services Offered:
- Automated Loan Repricing: Monitors clients’ interest rates and adjusts them automatically to ensure clients receive the best available rates.
- Client Retention: Identifies at-risk loans and provides actionable insights to prevent client churn.
- Refinancing Opportunities: Automatically detects refinancing options and sends relevant leads to the broker.
- Sherlok Retention Score: A predictive algorithm that helps brokers assess the risk of losing clients in their loan book.
- Free Trial: Opportunity to try the platform before committing.
Phone: 1300 664 886
Email: hello@sherlok.com.au
Website: https://www.sherlok.com.au/
FinanceVault
FinanceVault is a secure platform designed for borrowers to easily and safely share their home loan documents with mortgage brokers.
Providing a straightforward and secure process, it enables the seamless exchange of sensitive documents, streamlining the home loan application procedure. Borrowers receive a personalised link from their mortgage broker to access FinanceVault, where they can upload required documents for review.
Once submitted, brokers assess the documents and either validate them for submission to the lender or request further clarification. This process is fully encrypted, ensuring that all personal information is protected and only accessible by authorised parties.
The platform is built with security in mind, featuring top-tier encryption, mobile and desktop compatibility, and secure access through unique links. FinanceVault is a key tool for both mortgage brokers and borrowers, as it simplifies document management, enhances privacy, and accelerates the home loan approval process.
The service is easy to use, with detailed instructions provided for both brokers and borrowers. If assistance is needed, mortgage brokers are available to help throughout the process.
Services Offered:
- Secure document sharing for home loan applications.
- A streamlined process for mortgage brokers and borrowers.
- Gold standard encryption for data protection.
- Mobile and desktop compatibility for easy access.
- Direct and secure communication with mortgage brokers.
Phone: 1300 998 791
Website: www.financevault.com.au
Quickli
Quickli is a platform designed to streamline and simplify the lender servicing process. It combines over 30 lender calculators into one easy-to-use interface, helping users quickly obtain accurate results for even the most complex scenarios. With a focus on saving time and reducing hassle, Quickli provides valuable policy insights from lenders so brokers can open up more lending options.
The platform is perfect for those who want to save hours on servicing calculations by eliminating the need for multiple separate tools. Quickli handles a variety of financial elements, including HECS, notional rent, self-employed income, and more, ensuring a comprehensive and hassle-free experience.
The key features of Quickli include:
- Lender Policy Insights: Word-for-word lender policies are embedded into the results based on user inputs.
- Traffic Light System: A clear system to show which lenders pass, fail, or require further consideration.
- Automation: Automatic calculations for complex financial variables like income types, product rates, and living expenses.
- User-Friendly Interface: Get started in seconds and simplify serviceability checks without the need for spreadsheets.
Website: https://quickli.com.au/
Cal.com
Cal.com is an open-source, fully customisable scheduling platform designed to make booking meetings and appointments seamless and efficient. It allows individuals, teams, and organisations to manage their time with a variety of tools aimed at simplifying the scheduling process.
The platform offers advanced features such as real-time calendar syncing, group scheduling, and automated reminders, all while maintaining high flexibility and privacy for its users.
Cal.com is especially suited for businesses that require a scalable solution for managing client appointments, team meetings, or other time-sensitive activities. It also provides integrations with various third-party services like Zoom, Google Meet, and Slack, making it highly adaptable to different work environments.
Services Offered:
- Customisable scheduling pages for individuals or teams
- Integration with popular calendar platforms such as Google Calendar, Outlook, and iCloud
- Group scheduling for team coordination
- Automatic time zone detection and adjustments
- Zoom and Google Meet video call integration
- Real-time calendar syncing and availability management
- Embeddable booking widgets for websites
- Payment integration (supports Stripe for paid bookings)
- Customisable reminders and notifications
- Open-source code for developers to build and adapt the platform as needed
Email: support@cal.com
Phone: +1 800-123-4567
Website: https://cal.com
Docusign
Docusign is a leading provider of electronic signature solutions and Intelligent Agreement Management (IAM) services. It helps organisations streamline and digitalise the process of creating, signing, and managing agreements.
The platform offers an intuitive, secure way to handle contracts and agreements across a variety of industries, supporting millions of transactions worldwide.
Docusign enables users to send, sign, and manage documents online, reducing the risks associated with paper-based processes, improving efficiency, and enhancing collaboration. Their IAM platform captures the critical business value from agreements, transforming them into actionable data for better decision-making.
Services Offered:
- eSignature: The primary tool for sending and signing electronic documents.
- Contract Lifecycle Management: Automates and optimises the contract process from creation to execution.
- Document Generation: Streamlines document creation by integrating data into templates.
- Workflow Automation: Simplifies complex workflows to save time and improve accuracy.
- Agreement Analysis: Helps businesses extract meaningful insights from their contracts.
- Identity Verification: Securely verifies the identity of signers.
- Security and Compliance: Ensures agreements are handled with high-security standards.
- Integration: Seamlessly integrates with third-party systems like Salesforce, Google, and Microsoft.
Sales: 1800 841 231
Website: https://www.docusign.com.au/