Free and unlimited credit checks for every deal, every lender, every time

A first for the industry

As the financial services industry experiences rapid digital transformation, leading aggregator Connective is now offering free and unlimited credit checks for all members across residential, commercial and asset finance – a first for the industry.

Accessing credit checks consistently and cost effectively allows brokers to deliver better outcomes for clients, which helps strengthen relationships. However, accessing credit checks for multiple loans can be prohibitive for brokers from both a cost and time perspective.

This new offering, exclusive to Connective members, can be accessed via a one-time registration with illion through Connective’s software platform Mercury Nexus. From there, members can order a credit check directly for any client and for any deal, and it will be processed and appear in less than a minute.

How have members taken advantage?

Since launching this offering at the end of February this year, Connective members have lodged over 7,200 credit checks. Based on a credit check valued at AU$16, this has saved members a total of AU $116,256.

Saving time, and money

Gingkai Tan, Chief Customer Officer at Connective, said he is excited about the aggregator’s latest innovation that will help Connective members save time and money, and ultimately deliver a better service to their clients.

“Our brokers have been conducting more credit checks, more frequently in recent times. This is because it puts them in a stronger position to help borrowers through the lending process. We’ve responded by making the process as streamlined as possible for our members.

“We want to give our brokers a competitive edge, and ensure they have the tools needed to make informed decisions about their client’s financial circumstances – now this can happen at the push of a button for every client, freeing up valuable time.

Making the process seamless

“Having access to more information results in better quality applications and greater efficiency. We know our brokers are incredibly busy with mortgage demand sky rocketing, so making the broker process seamless is imperative to us.

“For us, it’s all about driving business efficiencies for our members by listening to what they need and applying technology to deliver innovative solutions – that’s what we do best. Unlimited free credit checks will help brokers select the right lender the first time, avoiding costly and time-consuming rework, and increasing their ability to write higher volumes.