Lender Update

Bizcap has just launched a brand-new Bizcap Broker Success Playbook - a one-stop resource designed to make onboarding and partnering with Bizcap seamless for Viking’s brokers.

The playbook includes:

• An overview of Bizcap, our USPs, and how to best work with us.
• Quick links to their Partner Portal, Product Guide, and LOC Fact Sheet.
• Marketing templates and case studies to help brokers engage their database.
• Key partner contacts for easy support and enquiries.

You can read more about it here.

Metro finance have just released their Monthly Wrap Up featuring a wealth of car buying statistics for the past few months.

You can read all the news here.

Now Finance are pleased to share that they have reduced their interest rates on their Auto Loan Product, effective immediately. The reductions are across all pricing tiers and age of asset buckets.

Please delete all old versions and add their new guides to your platforms. The updated product guides for Asset brokers and Mortgaged brokers (BID) can be accessed here.

Over the past few weeks, the team at Resimac has been focused on bringing our SLAs back to a reasonable timeframe, and they’re pleased to report significant progress:

- Credit decisions are now being completed in under 4 business hours
- Settlement timeframes (once executed contracts and all correct settlement conditions are received):

• Under 24 hours for dealer sales
• 48 hours for private sales

Beyond these improvements, they’re also implementing internal process enhancements to further streamline settlements. This includes a dedicated team focused on checking settlement items, reducing delays, and ensuring a more seamless experience.