How to use the Savings and Loan tracking tool

Effi's Savings and Loan tracking tool is designed to revolutionise the way you manage your clients' financial wellness and finance readiness.

The new widget, seamlessly integrated within the borrower portal, allows you to take advantage of a range of powerful features without the need to ask clients to enter their internet banking passwords or download third-party finance apps. Your clients can view all the transaction categories and set weekly/monthly spending budgets (and you can too!), all while your branding is prominently displayed. This not only enhances the customer experience but also accelerates their journey towards saving for their dream home sooner.

For mortgage brokers, the widget also provides the ability to track interest rates of loans on a daily basis. You will be immediately notified of any interest rate changes, allowing you to ensure that your clients always have the best rate suitable for their situation. 

This real-time tracking feature empowers you to make informed decisions on behalf of your clients, ultimately positioning you as a trusted advisor in their homeownership journey.

How to use the Savings Tracker:

1. Select the client you'd like to use the 'Savings Tracker' on and head to their client profile tab

2. Switch the Savings Tracer toggle ON and set the savings goal. Please note if you would like all applicants to access this savings tracker, enure the Joint option is ticketed and select which applicants will have access to the tool.

3. Send the applicants an invitation to connect their accounts using the 'Send Invite' button

4. Once the clients have connected their accounts you'll have the ability to track their saving, spending and cashflow using the Impersonate client portal tool.

5. Keep on top of all of your clients savings in one view using the Fintrack report available under Advanced reporting tool

How to use the Loan Tracker:

1. Select the client you'd like to use the 'Loan Tracker' on and head to the Loan tracker tab located within the enquiry tab

2. Switch the Loan tracker toggle on and send your client an invite to link their loan accounts

3. Once the client has connected their loan accounts, you'll have full visibility over details like their current loan balance, Interest rate, and term remaining. Brokers will also receive real-time notifications on any fluctuations to their clients interest rate,

4. Keep on top of all of your clients loan balances in one view using the Fintrack report available under Advanced reporting tool