Lenders and offers
Every lender, every question, every offer.
Track each approach, share the pack in a watermarked lender room and answer credit's questions from the file. Term sheets are read and compared on cost over the term, with a report for the client that leaves the recommendation to you.
Turnaround · last 12 months
Your firm's deals
Every approach, and how long each lender takes
Which lenders have the deal, when it went, where it's at and why anyone declined. Over time you see your own turnaround by lender, from your own deals.
- Preparing, with a BDM, submitted, questions, offer, accepted or declined
- The dates sent, first response, offer and decision kept for you
- Median days to respond, to offer and to decide, per lender
- Decline reasons kept, for the next deal
Pack opened
Lender B · credit · today
A lender room for each approach
Share the pack with the BDM and credit by link. Each lender sees only its own approach. Every PDF is stamped with the reader's name, the lender and the date as it downloads.
- One link per person at the lender
- Watermarked on every download
- Visits and downloads logged
- Declining or withdrawing ends their access
Question · Lender B
Credit · asked yesterday
Credit's questions, answered from the file
A question from the room, or one you log from an email, gets a draft answer from the credit paper that lender was sent and the deal file, cited. Another lender's name never makes it in. You approve before it goes.
- Drafted from that lender's paper and the deal file, with sources
- If the file can't answer it, ask the client for the document
- Share a document into the room with the answer
- Every question and answer kept on the deal
Offers · Shah Hospitality
$300,000 · 5 years P&I
Cost over the term at the offered rate, fees included
Offers compared, like for like
Term sheets and letters of offer are read with their sources, then lined up on monthly repayments, fees, cost over the term and conditions, with the assumptions shown. A report for the client explains each offer. The recommendation is yours.
- Repayments, interest and every fee over the term, with the cost per $1,000
- LVR, security, conditions and covenants side by side
- Factual tags only: lowest cost, lowest rate, fewest conditions
- Accepting an offer puts its terms on the debt schedule
Also in Lenders and offers
From first approach to accepted offer.
Approaches
Every lender's status, dates and decline reasons.
Turnaround
Your own median days by lender.
Lender room
Watermarked, logged and revoked on decline.
Questions
Answers drafted from the deal file for you to approve.
Term sheets read
Rates, fees, LVR, security and conditions with sources.
Comparison report
For the client, explaining each offer without ranking them.
Before you ask
Questions about lenders.
- Does it match deals to lender policy?
- No. Which lenders to approach is your call. Batonford tracks the approaches and shows your own turnaround by lender.
- Can a lender see another lender's terms?
- No. Each lender room holds only that approach's pack and what you share into it, and answers never name another lender.
- Does the report recommend an offer?
- No. It explains each offer from the figures and leaves the recommendation section for you.
See it on one of your own deals.
A 20-minute demo. Bring a live deal or a recent credit paper.