What is Financeable?
Financeable allows you to qualify and quote customers, instantly and accurately. From Mercury Nexus, you can collect your application information to send directly through to a lender.
Note: Please ensure you register your mobile number in Mercury Nexus as it is a requirement to send the Privacy Digisign request through to the applicant's mobile.
Instructions can be found here.
To get started submitting a consumer application:
Login to Mercury Nexus
Select Financeable from your dashboard
You’ll be directed to your Application dashboard
Click on New Application
Select Consumer Asset
Complete your asset details – including purchase price, asset type, type of sale.
If you know the car VIN number or Registration number, enter it in here to automatically pull thought the asset details.
Complete the loan details – deposit amount, trade in amount, payout amount, plus your balloon and repayment term.
Add in their personal details, including their contact information.
The email you enter will be the address their compliance documents will be sent to.
Complete their personal finance details, include assets, liabilities, income and expenses.
Search for their employer either using the business name or ABN and complete their employment details.
Click on Get signed Privacy. This will automatically be sent to your clients from your Mercury CRM.
Once your client has signed the document, it will automatically attach to your CRM. You can find this by copying the application ID and searching your CRM.
From here you can generate your Equifax score and request bank statements.
You will now see a list of lenders who can service this loan:
· Green = Meets all of the lenders loan requirements
· Yellow = Meets most of the lenders loan requirements
· Red = Doesn’t meet the lenders loan requirements
You can order these by fit, repayments, rate, loan amount and fees.
To send a disclosure document to your client, click on Send Diclosure and amend the details as required
Click send. This will me automatically sent to your clients from your Mercury CRM.
Once your client has signed their disclosure, you will have the option to download or email the application to the lender. This will direct you to the lender portal to submit the application.
Once this application is approved, your clients details in your Mercury CRM will update to reflect this.
You can also complete commercial deals in Financeable. Learn how to submit a commercial application here.