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Thinktank noted that it had previously required brokers to utilise a legacy, Excel-based system to calculate servicing.
However, under the new partnership with Quickli, Thinktank’s complete product suite – including residential, commercial, self-managed super fund, and private streamlined loans – has been moved into the Quickli format, used by around 14,000 mortgage brokers.
The calculators are now accessible across aggregator portals, alongside Thinktank’s website and direct broker portal, enhancing the user experience for brokers.
Speaking of the new calculator, Belinda Wright, general manager of sales at Thinktank, commented that the partnership came off the back of broker feedback: “Brokers wanted speed for early conversations, but also confidence that the numbers stack up against policy when it matters. Having both a quick view and a full calculator gives brokers the flexibility across our product suite.
“Our business has always been built around brokers, so anything that makes it easier for them is a priority for us.
“Quickli is already part of how many brokers work so it made sense for us to meet them where they are rather than ask them to adapt to an entirely new solution.
“Whether they need a quick sense check or a more detailed full serviceability, they can now access that in a familiar, intuitive format.”
Quickli’s head of sales, Darren Davis, commented: “We’ve worked with Thinktank to transform the broker experience in a big way.
“Brokers can now assess Thinktank deals with the same crisp, instantaneous response they expect from Quickli, and we’ve also digitised products that go well beyond standard residential lending.
“To put it simply, we’re here to service the industry and make brokers’ lives easier. Working with Thinktank as one of the country’s most respected lenders is an exciting opportunity to empower brokers to better serve their customers.”
This latest collaboration represents the expansion of Quickli’s Serviceability-as-a-Service offering for lenders, which was launched last year to standardise user experience across the lending ecosystem while reducing internal development costs and ensuring consistency for brokers.
The inaugural partner of Quickli’s SaaS offering was with non-bank lender RedZed.
[Related: Thinktank marks RMBS milestone with $750m issue]
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