Which lenders require a TPA?
Below is a table of lenders that require TPAs (Third Party Authority):
Lenders | Wet signature | PandaDoc replaced by Digital signature | Requirements | Process |
ING | YES | TPA is required with every reprice | Sherlok manages the process from start to finish. All the broker needs to do is forward the lender response to reprice@sherlok.com.au , and they need to make sure their portal credentials are valid. | |
Suncorp | YES | TPA required one off, attached to the life of loan with broker details. TPA is also required for loan information. | NON-Gold Brokers -Sherlok emails the template to the broker to forward the pricing request to their BDM requesting the pricing review. The broker forwards their response to reprice@sherlok.com.au. GOLD Brokers- The pricing request has been completed via the Suncorp Portal. Broker forwards lender response, Sherlok instructs Suncorp to apply the rate. | |
Beyond Bank | YES | Sherlok attaches the signed TPA to an email template and forwards it to the broker to send to brokerloans@beyondbank.com.au. & CC reprice@sherlok.com.au | ||
AMP | YES | Sherlok attaches the signed TPA to an email template and forwards it to the broker to send to retention@amp.com.au. & CC reprice@sherlok.com.au and AMP BDM | ||
Liberty | YES | Sherlok attaches the signed TPA to an email template and forwards it to the broker to send to retention@liberty.com.au & CC reprice@sherlok.com.au | ||
LaTrobe | YES | Sherlok attaches the signed TPA to an email template and forwards it to the broker to send to ratereview@latrobefinancial.com.au & CC reprice@sherlok.com.au | ||
FirstMac | YES | TPA is required one-time, unless revoked by the clients | Sherlok attaches the signed TPA to an email template and sends it to loans@firstmac.com.au | |
Bank Australia | YES | Sherlok manages the process from start to finish. All the broker needs to do is forward the lender response to reprice@sherlok.com.au , and they need to make sure their portal credentials are valid. |
⚠️ Please be aware that both parties will need to provide signatures.