Welcome to Credify…
Practical innovation, delivering the final frontier in best practice for Brokers and Lenders. Utilising the Loan Portfolio, Credify provides the most useful add on service available to Australian Borrowers today, complete with "what if" scenarios built in.
Credify is much more than just another cashflow or expenditure tracking platform. It is Australia’s first and only holistic loan affordability and sustainability platform. The reality is that most borrowers today will have more than one loan – in fact, many have a number of different loans and credit facilities.
Credify looks at all loans in sync, and considers both affordability now, and sustainability into the future. This gives the broker and lender much more to offer by way of value in service and guidance.
“Simple is the new smart” – Powered by an advanced and robust engine, Credify defies its complexity by delivering service and tools in a simple, elegant and easy to understand format. It is by far the most user-friendly experience available on the market today.
The benefits are significant:
Industry
- Credify enables brokers to deliver a True Advice Model – creating a Fee for Service offering that allows brokers and lenders to create additional income streams both as an upfront and ongoing fee (replacing the loss of trail income)
- Credify enhances Compliance – using best practice to verify customers’ affordability now and sustainability in the longer term
- Credify improves client retention – allows brokers and lenders to provide a greater level of service through the client’s use of the platform
- Credify creates a genuine Fee for Service model which will enhance customer loyalty whilst simultaneously improving compliance.
Borrowers
- The Loan Portfolio projection indicates current client affordability for all loans- not just the one currently being applied for. Following this, Credify offers “what if” scenario options for the future, such as borrowing again for a new car or investment, redrawing for renovations or family planning. Credify can “test” the affordability and sustainability first – ensuring an informed decision will be made.
- Credify gives borrowers greater confidence in their capacity to afford and service loans. They can see in advance the likely impact or consequence of their borrowing decisions.