In today's highly competitive lending landscape, the multitude of options available can be overwhelming for clients seeking financial solutions. However, with home loan splits, clients can enjoy the best of both worlds. Mercury Nexus simplifies the process of determining product splits, making it a breeze for both clients and professionals alike.
How to create a Product Split
Open the CRM and select Opportunities from the main left-hand menu.
Highlight and open the relevant opportunity.
Select Calculations from the sub left-hand menu.
Click the +Add button and select Product Comparison from the drop-down menu. You can also open the Research app and select Product Comparisons from the main-left hand menu. Use the + button to open a new calculation.
Click Run Search to display suitable loan options.
Select two or more products from the same lender you would like to use in your split and click Create a Package.
Enter the split amounts, name your split, and click Create Package.
To use the same product for both splits, select a single product and click Your product splits will display as a single product.
Edit the loan details in the left-hand panel, or make further changes to the splits by clicking the edit icon to open the Package Details window.
Where there is a dual purpose for the split loan, please be aware that the Max. LVR reflected will be based on the Owner-Occupied product. Please check with your lender BDM or lender policy for the investment portion.