iLOAD Loans Packages & Pricelist
Onshore Processing for busy Brokers.
iLOAD Loans is an Australian-based outsourcing service that provides loan processing & administration support for busy mortgage brokers Australia-wide.
Our team has over 120 years’ experience in the Finance Services industry. You would think we would have had enough by now, but we are just getting started with a passion to make brokers’ lives easier. Our strengths and passion is for home loan processing, administration support and customer service.
Our iLOAD Loans processors work closely with our brokers and their clients. Our relevance and focus is to be proactive in our approach to managing our brokers’ applications, by regular communication with the broker, their clients, lenders and third parties so that they have peace of mind throughout the loan process.
**Prices are correct as at 1 Feb 2023**
Onboarding & Registration Fee
$385 + GST
Onboarding with iLOAD Loans will give you access to :
– A suite of customisable communication templates
– Personalised workflow
– Multiple processing packages
– Dedicated Onshore Processor with back up from our large team
– Onshore Administration Support
– 1 hour of complimentary Admin Assistance
The Gold
- Fact Find & Initial Supporting Document Collection
- Servicing Calculator Preparation x 3
- Policy Check - conditions apply
- Data Entry & Document Verification
- Completion of Compliance Documents
- AOL
- Liaise with clients upon broker approval
- File Driving & Tracking to settlement
- Complete and Submit OFI Discharge (where applicable)
- Complete FHOG Application when applicable
- Valuation Order x 1
- Additional Valuations
The Classic
- Fact Find & Initial Supporting Document Collection
- Servicing Calculator Preparation x 3
- Policy Check - conditions apply
- Data Entry & Document Verification
- Completion of Compliance Documents
- AOL
- Liaise with clients upon broker approval
- File Driving & Tracking to settlement
- Complete and Submit OFI Discharge (where applicable)
- Complete FHOG Application when applicable
- Valuation Order x 1
- Additional Valuations
The Submit
- Fact Find & Initial Supporting Document Collection
- Servicing Calculator Preparation x 3
- Policy Check - conditions apply
- Data Entry & Document Verification
- Completion of Compliance Documents
- AOL
- Liaise with clients upon broker approval
- File Driving & Tracking to settlement
- Complete and Submit OFI Discharge (where applicable)
- Complete FHOG Application when applicable
- Valuation Order x 1
- Additional Valuations
The Track
- Fact Find & Initial Supporting Document Collection
- Servicing Calculator Preparation x 3
- Policy Check - conditions apply
- Data Entry & Document Verification
- Completion of Compliance Documents
- AOL
- Liaise with clients upon broker approval
- File Driving & Tracking to settlement
- Complete and Submit OFI Discharge (where applicable)
- Complete FHOG Application when applicable
- Valuation Order x 1
- Additional Valuations
The AOL Only
- Fact Find & Initial Supporting Document Collection
- Servicing Calculator Preparation x 3
- Policy Check - conditions apply
- Data Entry & Document Verification
- Completion of Compliance Documents
- AOL
- Liaise with clients upon broker approval
- File Driving & Tracking to settlement
- Complete and Submit OFI Discharge (where applicable)
- Complete FHOG Application when applicable
- Valuation Order x 1
- Additional Valuations
Onshore Processing and Administration Support
Additional Services
Lender Pricing
$30.00Pricing request for 1 lender as per broker instructions of product, loan amount rateValuation
$30.00Valuation as per lender requirements, this covers 1 valuation on 1 securityPAYG Servicing Calc
$30.00Charged per Calculator. Includes 1 AmendmentsSelf Employed Calc
$55.00Charged per Calculator. Includes 1 AmendmentsSwitch Request
$45.00Charged per RequestProgress payment Management
$150.00iLOAD Loans to manage the post-settlement Progress Draws until handover.
**All prices are +GST**
Admin Hour Assistance
Processor Adhoc
$65.00Processor Hourly Rate SupportSharene Dearlove
$250.00Data Base Assessment, Training & Workflow AdviceAlicia Fitzgerald
$150.00Training & Workflow Advice and Implementation
**All prices are +GST**
iLOAD Loans Onboarding & Registration
Onboarding & Registration Fee
$385.00This is a once off Set up fee, payable upon signing our Broker Service Agreement.
Onboarding with iLOAD Loans will give you access to :
- A suite of customisable communication templates
- Personalised workflow
- Multiple processing packages
- Dedicated Onshore Processor with back up from our large team
- Onshore Administration Support
- 1 hour of complimentary Admin Assistance- **All Prices are +GST**
Additional Fees
SMSF Applications
From $120.00This is charged additional to the Processing Package FeeComplex Applications
From $90.00A Complex deal fee can be applied for several reasons, whether it be complex because of a Trust or Company, number of security properties, but also can be applied due to the quality of the information provided by the broker for the application. This is charged additional to package fee and can be charged upon receipt of application or once processor has started pre-submissionUrgent Lodgement - Business Hours
From $90.00The file will be picked up same day or next business day **subject to capacity. Charged additional to package fee.Urgent Lodgement - Out of Business Hours
$150.00For Urgent request received requiring work Out of Business hours ie. after 5pm Monday - Friday or Weekends **subject to capacity. Charged additional to package fee.Cloning of Existing Applications
For resubmission with only minor amendments. Clones will be charged at 50% of submission portion only. Please note a clone fee will only be charge on applications that have been previously lodged by iLL. Tracking portion charged at standard rate.- **All Prices are +GST**
Your Admin Support
At iLoad Loans we are all about playing to our strengths. We know our Brokers Strengths are Product and Policy knowledge and their time is better spent building relationships with the clients.
What’s our strength? Admin!!
We love it…..CRM’s Data Entry, Document verification, Customer Service, but it doesn’t stop there.
We can also help with a number of Admin tasks. Don’t see it on our list? Just ask!
- Annual Client Reviews
- Lender Pricing
- Valuations
- Switch Requests
- Policy Check
- Accreditation Assistance
- Servicing Calculator
- Data Base Management
- Inbox Management
- Calendar Management
- Phone/Messaging Service
- File Invite Set Up
- Bankstatements Integration
- Client Calls
- Just Ask
The Primary Support
3 hoursThe Essential Support
5 hoursThe Ultimate Support
10 hoursPayment Terms
Please note that if the application is withdrawn or declined after submission your will be invoiced in accordance to the amount of work completed by your processor.
Our invoice terms are strictly 7 days from receipt of invoice.
Please note failure to pay invoices in a timely manner, may result in us no longer accepting new applications or stopping work on inflight applications.
iLOAD Loans
We are proud of our process and what we have to offer our Brokers at iLoad Loans. You are just one click away from:
- Personalised workflow
- Access to a suite of customisable communication templates
- Multiple processing packages
- Onshore Administration SupportÂ
- Dedicated Onshore Processor with back up from our large team
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If you would like to get the ball rolling or have a few more questions please click the button below.