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Fintech LoanOptions.ai’s loan application platform HAILO is getting an upgrade through an integration with Unbound, a debt analysis platform.
Built directly into the HAILO broker portal, the integration allows brokers to analyse a consumer’s entire debt portfolio, including mortgages, auto loans, personal loans, credit cards, and student loans.
Rather than assessing each loan in isolation, Unbound models how different debts interact, allowing brokers to identify potential opportunities to reduce repayments, cut total interest, pay down debt faster, or restructure existing lending.
The integration is available now to brokers using the HAILO platform.
Supporting best interests duty
The two companies said the integration could also give brokers a more quantitative and documented framework for supporting the financial rationale behind their recommendations.
According to the companies, this could help brokers when demonstrating how a recommended loan structure aligns with their best interests duty obligations, “turning what has traditionally relied on a broker’s qualitative judgement into a clear, auditable mathematical record”.
“Brokers already carry the responsibility of proving their advice is genuinely in a client’s best interest, but most of the tools they’re given only look at one loan in isolation,” LoanOptions.ai founder and CEO Julian Fayad said.
“Unbound lets us hand brokers a proper picture of a client’s whole debt position, right inside the HAILO workflow they’re already using, so the recommendation and the reasoning behind it are documented, not just remembered.”
A broader view of the client
Unbound co-founder, CEO, and CTO Paul Crowley said borrowers’ debts should not be viewed separately, with mortgages, car loans, credit cards, and personal loans all affecting each other.
“Most lending tools look at one loan at a time, but borrowers don’t live that way,” Crowley said.
“Their mortgage, car loan, credit cards and personal loans all affect each other, and Unbound is built to analyse that whole picture together. LoanOptions.ai gives us the ideal way into the Australian market: an AI-native platform that brokers already trust and use every day.”
Fayad added that using the tool effectively would allow brokers to add further value to their client interactions.
“This gives brokers the same depth of analysis the big institutions have always had access to, so they can spend less time justifying their advice and more time actually giving it,” Fayad said.
[Related: Open banking partnership to power real-time mortgage monitoring]
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