Investor Role

The role of the investor is to:

  • keep their lending criteria up-to-date to ensure it genuinely represent their funds availability. This prevents the system from flagging them for rejecting loans that fit their published criteria which other investor’s with good track records subsequently accept. This in turn prevents the system from suspending their profile and, in the case of repeat offences, expelling them from the platform;
  • respond promptly to Enquiries by brokers. This prevents the system from suspending their profile and, in the case of repeat offences, expelling them from the platform;
  • perform due diligence on the loan scenario and security property, which best practice requires personally inspecting it.
  • instruct an Omicron-accredited solicitor to act on the advance with the click of a button.
  • review the certification as to title and upon acceptance transfer the advance funds to the solicitor’s trust account.
  • rate the broker after a loan settles.
  • instruct an Omicron-accredited solicitor to act on the discharge of the mortgage with the click of button.