Release Notes
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Release 25.3
March 28, 2025
Features:
- Joint Collateral Owners: It’s common for collateral to have multiple owners, especially with commercial or residential properties. We’ve added support for managing joint ownership of collateral, including capturing multiple owners and ownership percentages.
- Joint Loan Applicants: The current platform only permits a single borrower per loan, limiting flexibility for borrowers who need to co-borrow. We’ve added support for multiple borrowers per loan, facilitating joint loan applications and better reflecting real-world scenarios.
- Horizontal Scroll on Financials: The financials tab can take up too much screen space, especially when deals involve multiple years of past and forecast data. We’ve added horizontal scrolling to financials, improving usability and data access.
- Bank Guarantee Purpose: Replacing a Bank Guarantee is more common than refinancing one. The ‘Refinance’ option for Bank Guarantee Purpose has been renamed to ‘Replacement’.
- Purpose of Funds in Credit Memorandum: Introduced Purpose of Funds as an additional header field in the Credit Memorandum. This addition aims to provide clearer commentary categorisation to brokers and lenders.
- Quarterly HEM table update: HEM table is updated to the latest quarterly value (Q4 2024).
Bug Fixes
- Corporate Trustee Not Removed: Fixed the issue with corporate trustees not being removed in SMSF deals.
- ABN and Business Name Validation: Addressed inconsistent validation for ABN and business names.
- Pop-up Issue: Fixed the issue with pop-ups not appearing when duplicating tabs.
- Stamp Duty API Error: Resolved the occasional error for the stamp duty API.
- Deactivated User Email: Ensured deactivated users do not receive emails.
- Credit Memorandum: Fixed an issue where SMSF ratios were appearing in non-SMSF deals.
Lender Updates
- ANZ: Configured ANZ products in the platform. This will be rolled out to selected pilot users soon.
- Judo: Configured Judo Bank Guarantee in the platform. This will be rolled out to all platform users.
- WBC:
- Configured WBC Bank Guarantee products (incl. Simple+ Bank Guarantee) in platform.
- Added additional document validations, conditional on loan and borrower types.
- Added a streamlined version of individual financials for Simple+ products.
- ThinkTank: Added disclaimers for ThinkTank SMSF products and implemented soft warnings for existing liabilities in screening criteria.
