Which lenders require a TPA?
Below is a table of lenders that
require TPAs (Third Party Authority):
Please be aware that both parties will need to
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.
How do I restart a reprice? (From In Progress and Require Action tab)
In order to restart a loan for repricing you must first ensure that the loan is in the completed tab and manually trigger Sherlok to reprice. If the pricing request you wish to restart is sitting in "In Progress", click the orange cross button, ...
How long does a reprice take?
In most cases, once you click ‘approve’ for repricing, you will see an outcome within a few days, however, some lenders can take up to 10 business days.
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 NAB Westpac Macquarie ING AFG AMP Suncorp ME Bank Bank of Melbourne St. ...