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Repricing CBA in Sherlok

Streamline Your CBA Repricing with Sherlok – No Delegate Access or Stored Credentials Required

Simplify the repricing process for your CBA loans using Sherlok, a solution that aligns with CBA's security expectations by avoiding the need for delegate access or storing lender credentials in Sherlok.

Follow these step-by-step instructions to reprice your CBA loans efficiently and securely:

  1. Log in to Sherlok
    Access your Sherlok account.

  2. Navigate to Reprices or Clients
    On the left panel, click on Clients / Reprices to initiate a reprice. 

  3. Trigger CBA reprices:
    • Click Reprice now
    • Review the loan data pre-populated in Sherlok using your CommBroker by clicking on "Go to Commonwealth Bank Portal"
    ℹ️ It is crucial to ensure that loan data is accurate and up to date before repricing. If this information is incorrect, it may negatively affect the reprice outcome.

    CBA Reprice 1

    • From there, log in with your credentials and search for the client’s loan data. 
    • Input all required loan data in Sherlok. 
      • For Coming off fixed loans, make sure to input the fixed expiry date together with the initial variable revert rate.

    CBA Reprice 2

    • In the CBA Portal, follow the standard procedure in submitting a reprice using their HLPT tool. 
      • You may refer to the readily available competitive product for your reference when inputting the other lender’s offer. 
  4. Once everything is confirmed, click "I have submitted the reprice to Commonwealth Bank."

    CBA Reprice 3

    If auto-forwarding is set up, the lender's response will be automatically forwarded, and the reprice outcome should be received within three (3) business days.