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Wisr now provides brokers and Aggregators with the choice of using either ‘dial-down’ or set rates for Wisr’s secured auto loans.
Wisr responded quickly to the ASIC’s 18 Dec 2020 guidance regarding mortgage broker’s use of ‘dial-down’ features when offering secured auto loans to their clients. Recognising the diversity of the broking sector and the benefits of choice, Wisr has developed a regtech solution that supports both the best interests of clients and allows brokers to operate efficiently.
Wisr’s proprietary tech platform now allows aggregators and brokers a choice when obtaining rates for secured auto loans via Wisr’s Broker Portal. Aggregators and brokers can now elect to either have access to the standard rate ‘dial-down’ system or elect to receive a set rate for each price point of Wisr’s secured auto loan rate matrix. Set rates are fixed at an agreed percentage below Wisr’s recommended rates, with commissions calculated pro rata.
Wisr has already seen many brokers, mortgage brokers and others, elect to move to set rates. A big attraction is the elimination of some “moving parts” in the application process, which means more time is available for serving clients and other important things.
This regtech solution is a continuation of Wisr’s strong support of the broker channel. Since pioneering the delivery of 100% online personal loans in 2015 Wisr has been committed to providing the best opportunity for brokers to grow their businesses while driving the best possible outcomes for their clients.
For more information, accreditation and access to Wisr's Broker Portal get in touch with your State BDM today or email
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Daniella Mancuso (NSW & Nat.) Nicole Evans (QLD) Brad Fletcher (WA) Rozanne Tedesco (VIC, TAS) Bianca Khurana (NSW, SA & NT) Mustafa Genc (Business Development Administrator) Nathan Snaidero (Business Development Administrator) |
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