Mostly as a result of the Royal commission we have seen a massive change in compliance.

What this means is that all documentation relating to obtaining a loan and after the loan has been completed needs to be 100% correct at all times and be produced at a high standard.

Many changes have taken place internally with in the lenders processes and procedures and many lenders have recently changed their document design and print styles to minimize fraudulent activities, what was acceptable in the past is now no longer acceptable and this has created a lot of demands on the broker which in some ways filters down to the client.

A number of lenders have adopted new technology relating to assessment procedures to streamline processes and there is less reliance on manual and personal assessment as we move towards a more automated procedure in loan assessment. Having said that in the commercial space there are still a number of lenders that operate manually and allow for good relationship with brokers where transactions can be workshopped and discussed prior to formally submitting a lending proposal.

We are seeing a growing trend in clients not prepared when they require urgent funding. Clients are becoming extremely busy working in their businesses as business becomes more challenging and there is a greater need for diversification, for those that are lucky enough to be busy due to growth the same applies. Both situations have the same consequences when it comes to the need for any potential borrowings, in the event that you do not have your accounts up to date or there are irregularities lenders will be extremely critical. If you want the best deal and want a speedy approval you will need to have the required information up to date so please contact us in advance where possible so we can be prepared in advance.

Based in the Sutherland Shire, Agility Financial Services are fully equipped to handling any credit request. With over 36+ years experience in loan servicing, there isn't much we don't know about credit loans. We pride ourselves on our honest, transparent approach to all finance enquiries and believe that differentiates us from major lenders. Feel free to Contact Us today and have an open and free discussion about getting the finance you need.