Parabroking Service

Your Business Ideas To The Next Level

At xSource, we deliver expert parabroking support services tailored to assist mortgage brokers across Australia. From lender policy research to lodgement and pipeline supervision, our team ensures seamless and efficient assistance

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Find out more…

WHAT WE OFFER

 

Our parabroker can provide you with:

  • Lender policy research;
  • Borrowing capacity calculations;
  • Document verification;
  • Communication with lenders and BDMs;
  • Data entry and lodgement;
  • Pipeline management and more.
  • Our Parabroking Service includes a limited number of dedicated parabrokers, with extended duties and services.
  • Our parabroking staff are fully qualified and have more than five years of experience at xSource.

THE BENEFITS

 

Benefits of using our Parabroking Service:

  • You get a dedicated parabroker and personalised service, ensuring easy fit in your team and existing processes.
  • Our staff are trained and experienced in industry, removing any need of your time investment in their training and development.
  • Using our parabroker, you will significantly improve your productivity and revenue by having extra time to focus on lead generation and customer retention.
  • With full time and part time parabroking support offering, our service provides you with full flexibility to grow your business.
  • As there are no lock-in contract terms, you simple pay a flat monthly fee of $5,500 + GST per month for a parabroker, or sign up for part time service for $3,000 + GST / $2,750 + GST.

Some of the tasks that Parabrokers can complete

 

Data Analysis – research client Fact Find and supporting documents.

Policy Check – test lenders against the inputs provided. Broker may request specific policy investigation.

Income Calculations – cross-check supporting documents and lender policies, ensure the correct income is used.

Servicing – prepare lender servicing calculator for lenders/products requested.

Generate Funding Position Calculations – confirm clients have sufficient funds to complete the proposed transaction.

Prepare Product Comparison – detailed breakdown for the lenders identified as the most suitable for the clients.

Valuation ordering – online valuation ordering where available and requested.

Pricing requests – online pricing requests where available and requested.

If any clarification needed, BDM can be contacted.

Is this service right for you?

 

If you want to free up your time with the help of a parabroker with over 5 years of experience in industry

If you need a flexible solution to fit your needs as a broker

If you have volumes that are not requiring full time or part time parabroking service

…then the scenario service is perfect for you!