How does Sherlok deal with Lenders that require Third Party Authority (TPA)?
If a Lender requires Third party Authority
to reprice a loan, Sherlok will send a Third-Party Authority form to the client
to collect their signature. Once a response is received, Sherlok will continue
with the Reprice.
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What Lenders not compatible with Sherlok?
Some lenders are not compatible with Sherlok due to the convoluted nature of their repricing process. Below are a list of lenders that Sherlok does not reprice: Hume Bank MyState Bank Qudos Mutual Bank Citibank AU
Sherlok's Data Collection Methods
When you approve Sherlok to reprice, a pop-up will appear, presenting the options that Sherlok can take to collect the data. Option 1 - Client Portal Sherlok will send your clients an SMS and email asking them to provide updated loan information via ...
Does Sherlok do bulk repricing?
No, Sherlok will not allow you to bulk reprice. For two reasons You’d be inundated with work and Sherlok is trying to make your life easier not harder and Sherlok doesn’t want to overload the lenders systems and impact their SLAs Our DTTP policy ...
Can Sherlok reprice orphan book clients?
Sherlok may be able to reprice Orphan book loans based on the lender's policy. Refer to the list below to identify lenders that reprice orphan book loans: ANZ Commonwealth Bank Westpac Macquarie ING AFG AMP Suncorp ME Bank Bank of Melbourne St. ...
Sherlok repricing process, a detailed look at what happens.
Sherlok repricing process, a look at what happens.. Each week, Sherlok queues your highest retention risk loans for you to approve for repricing. This is based on our AI technology that predicts client churn. Click here to read more on our A.I. ...