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Product Scenario for Credit Proposal & Lodgement

  • Updated

Purpose
Create a Product Scenario from shortlisted products, capture selection reasons for compliance, and move the deal towards Lodgement → Funding Position in ApplyOnline.

Who is this for
Brokers and support staff preparing a recommendation and proceeding to lodgement.

Prerequisites

  • Step 1 completed: Lead created; Credit Guide, Privacy Consent, and Online Fact Find sent and returned.
  • Applicant and basic deal details present (loan purpose/amount known or estimated).

Time to complete
~10 minutes 

Video Walkthrough

Step‑by‑step

A. Start your scenario

  1. If re‑using a previous configuration, click Import Scenario and select the prior deal’s scenario to copy (you can tweak fields after import).
  2. To build new, click Find Products.

B. Find and shortlist products

  1. Use the Search field to locate specific product names, lenders, or key terms.
  2. Use Filters to narrow results; create Saved Filters if you regularly search for the same product types.
  3. Select one or more products to compare and click Build Scenario.
  4. Click Auto Build to import the selected products into the scenario workspace.

C. Enter loan parameters & fees

  1. Loan Amount — manually enter for this deal (required).
    • Tip: Use Apply to Current Flow to push the current inputs across all products in the scenario.
  2. LMI — use the LMI Calculator to compute LMI (or enter manually if required by your policy/process).
  3. Fees & Charges — review and add any additional fees not already included. Most standard fees pre‑populate.
  4. Packages & Offers — add suggested packages or promotional offers where applicable.
  5. Review the Scenario Summary at the bottom to confirm repayments, costs and comparisons.

D. Choose the product you’ll lodge

  1. The first product may be auto‑selected. If you’re proceeding with another option, highlight/select your chosen product.
  2. Go to the Confirm section.
  3. Enter Reasons for Product Selection — these feed through to the Credit Proposal and Lodgement:
    • Align to the client’s goals, requirements and objectives.
    • You may copy key points from your Interview Guide notes.
  4. Add any Additional Comments (optional).
  5. Select the appropriate ABS Code for the product/purpose.
  6. Click Confirm Selected Products.

Result

  • Your selected product and documented reasons are saved to the deal and will appear in the Credit Proposal and pre‑populate data for Lodgement → Funding Position.
  • You’re taken directly to Funding Position to continue the lodgement workflow.

Tips & good practice

  • Saved Filters speed up repeat searches (e.g., LVR bands, offsets, package types).
  • Evidence your rationale: Reasons should reference needs (e.g., offset, redraw), constraints (e.g., LVR/LMI), preferences (e.g., variable/fixed), and cost/benefit trade‑offs.
  • Fees sanity‑check: Confirm establishment, valuation, legal, and ongoing fees match lender policy or current promo.
  • LMI consistency: Ensure the LMI result aligns with your loan amount, LVR, and lender’s calculator rules.
  • ABS code: Keep a quick reference list of commonly used codes to reduce errors.

Troubleshooting

  • Can’t find the product → Broaden filters or search by lender family; verify naming conventions.
  • Auto Build didn’t bring some fees → Manually add fees under Fees & Charges and re‑check the summary.
  • Loan Amount not applying to all rows → Use Apply to Current Flow to propagate inputs across products.
  • Reasons required → The Confirm step won’t complete without selection reasons; add concise, client‑specific statements.
  • ABS code list empty/incorrect → Update product purpose settings in your org configuration or escalate to support

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