Why do Lenders use Finance Advisors?
Finance advisors are a cost efficient and effective means for lenders obtaining new clients. Many lenders are not represented throughout Australia, so finance advisors become the major way for these lenders to expand without spending major dollars on new infrastructure. Finance advisors also save lenders a lot of time and resources in the processing of each loan as they perform serviceability tests, ensure clients meet the lending criteria and collect necessary paperwork. Some lenders now allow finance advisors to input the client’s information straight into the loan assessment database from their office thus saving the bank considerable amounts of time and money.
