We welcome all proficient and reputable commercial lenders to our platform. If you are looking to increase your settlements then this platform is for you.
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To use the platform you simply enter your lending criteria. Platform brokers can see your lending criteria if:
  1. You have settled a loan in the last 3 months (on their Monday morning email from the platform);
  2. They look you up;
  3. One your loans appears on a search they run.
Each time you settle a loan the following details are recorded:
  1. Advance date;
  2. Suburb;
  3. Principal;
  4. Interest Rate;
  5. Establishment Fee;
  6. Security type and sub-type (from a drop down);
  7. Security suburb;
  8. Scenario (from a drop down);
  9. Valuer & valuation;
  10. Broker and star rating;
  11. Lender and star rating;
  12. Solicitor and star rating;
  13. Discharge date;
  14. Days delinquent;
  15. Shortfall.

The solicitor who acts for you on the advance certifies these details and updates the platform when the loan discharges.

Your loans act as your in-platform advertisement, the more loans you settle of a particular type the more enquiries you will receive from broker members for that type of loan.

When a new broker approaches you, you can check out their track record by accessing metrics (both statistical and loan-by-loan) on every loan the broker has ever introduced to a platform lender. You can see average star ratings and drill down and read reviews for each loan. Most importantly you can see if they have ever had shortfalls.
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Membership of the platform is free. The cost to register each loan is as follows:
  1. Loan principal >$10M – NO CHARGE
  2. The law firm acting for the lender owns lender – NO CHARGE
  3. The law firm acting for the lender Bransgroves Lawyers – NO CHARGE
  4. Bransgroves Lawyers used for 1 in every 4 loans – NO CHARGE
  5. The lender pays 0.006% of the principal for every loan they advertise on Omicron. Thus for a $3M loan they would pay $180. This gets auto deducted from your credit card when your lawyer confirms the loan details.

Lenders who use the platform are subject to Terms and Conditions.

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