Solution4 - The Financial Services Engine

Product Information

Lenders/Products available

VISION provides a wide variety of home loan products from prime through to non conforming options.

The following Lenders are currently represented:

• Adelaide Bank
• Bank SA
• CBA
• ING
• Pepper Home Loans
• RAMS
• Westpac

The Lenders and products available will continue to be expanded throughout 2009. Should a specific Lenders products be required, please do not hesitate to let us know.

Product Accuracy

Data integrity and accuracy is of the highest importance to the team at Solution4. The following process is followed to collate, enter and maintain product and pricing accuracy within VISION:

Data Capture

Solution4	Lenders
Product and Lending Guideline information is directly extraction from Broker site and entered into VISION.	No new processes

Data Sign Off

Solution4	Lenders
Product and captured policy information will be sent to Lenders for checking and sign off	Checking of information in Product portals and advising of changes or ommissions within 5 days

Data Maintainance

Solution4	Lenders
All Broker advises received via email Weekly scan of Lender Product and Policy portals for un-notified changes Guaranteed updating to VISION by effective date of change	No new processes

In addition, a Lender auto verification system will provide Lenders with the ability to verify the following 13 key features before passing their product:

Fees	All fees payable: On or before settlement (including LMI and Risk fee tables) During the loan term Post settlement
Interest rates	Standard rates and Pro-Pack tiers and conditions
Product and Lending Guideline information	LVR and loan amounts for: Standard locations and securities Rural Zonings and land parcels > 16ha Units < 40sqm Principal and Interest vs Interest Only Purchase vs refinance Repayment types Repayment methods Additional repayment rules Repayment Holiday functionality Redraw – manual and electronic rules Card Access Internet access/ phone banking Construction requirements – License builder and Owner builder Portability Serviceability calculators

Product qualification

VISION provides for a high level quick search and source as well as a more detailed product search.

The detailed product search is able to qualify home loan results that specifically match a borrower’s requirements in the following categories:

Fees	Capitalisation of LMI or Risk fees Early Termination fees and terms
Interest rates	Fixed vs variable rates Interest capitalisation Interest in advance
Product and Lending Guideline information	LVR and loan amounts for: Standard locations and securities Rural Zonings and land parcels > 16ha Units < 40sqm Principal and Interest vs Interest Only Purchase vs refinance Repayment types – weekly, fortnightly or monthly Repayment methods – manual vs electronic Additional repayment rules – ability to make additional repayments Repayment Holiday availability Redraw – manual and electronic rules Card Access Internet access/ phone banking Construction requirements – License builder and Owner builder Portability

• User Groups
• VISION