Override Product Rates

You can now override the product rate to change the assessment rates within the Borrowing Capacity Calculator. This update allows you to ensure your clients match the lender criteria within a certain rate.  

To change the product rate: 

  1. Double click on the product rate you would like to edit 
  2. Type in the new rate and click out of the cell 
  3. You will see the new rate appear and the word edited next to it so you can tell which rates have been changed 
  4. The assessment rate and all the new loan figures will appear based on the new rate 

Want to go back to the original lender rates? Click on Revert Rate Overrides and all the rates will convert back.

 

Calculate multiple borrowing capacities for income and expense variations

Need to calculate a clients borrowing capacity based on different income or expense totals? We’ve added an eye icon next to the income and expense type fields. Enabling or disabling this icon allows you easily calculate borrowing capacities by either adding or suppressing it from the income total.

Instead of opening two Borrowing Capacity calculator tabs to compare different income or expense variables and their effect on your client’s borrowing capacity, you can now perform all your comparison calculations in one tab.


Borrowing capacity updates - ING and Connective Essentials now included

Great news - we've released another two lenders into our Nexus Servicing Engine. 

Our ING and Connective Essentials lender-specific calculators are now live in Mercury Nexus. As well as greater accuracy, you can now access the DTI and policy and servicing status at a glance. Learn more here.

ING and Connective Essentials joins Bank of Melbourne, CBA, Westpac, NAB, Macquarie, Bankwest and St George Bank. We will continue to update you as more lenders become available.

The latest updates to SE Income Wizard

The Self Employed (SE) Income Wizard allows you to accurately determine two years of self employed income. 

We've introduced the ability to specify the operating structure (sole trader or company) in the Self Employed Income Wizard.

If you would like to learn more about the SE Income Wizard, click here.

Two NEW slide out features - Easily view lender policies

You can now view lender policies by simply clicking on the information icons in the borrowing capacity calculator. The slide outs ensures you can access the information you need without navigating away from your current page.

To get started:

  1. Navigate to the Research or CRM App in Mercury Nexus
  2. Open a Borrowing Capacity 
  3. Fill in your clients’ details

To use the DTI and Income Policy slide out:

Click on the 'i' icon on the left-hand side. The relevant lender side out will appear

To view the Income Policy Matrix, click on the information icon next to the relevant income type:



Increase your settlement volumes with DMH

Mercury is designed to give you the competitive edge. Combining it with Digital Marketing Hub (DMH) will take your business to the next level and significantly increase your settlement volumes.

On average, Connective brokers using DMH see a 193% increase settlement volumes (based on median). Principal owners can now sign up for DMH directly through the membership centre in Mercury Nexus.

DMH gives brokers access to a leading marketing platform integrated with Mercury Nexus, delivering automated emails and bespoke communication to clients throughout their financial journey.

If you’re not already using Digital Marketing Hub, now is a great time to get started and take your client engagement to the next level.

Self Employed Income Wizard Is Now Live in CRM and Research

Located in the Borrowing Capacity calculator, the Self Employed (SE) Income Wizard allows you to accurately determine two financial years of self employed income, by considering Net Profit Before Tax, non-recurring expenses, company loans, Director Fees and addbacks. 

Using the SE Income Wizard is easy. Check out the Wiki to learn how.

What's Next?

In the next few weeks we will extend the SE Income Wizard to allow you to distribute income to multiple applicants.  

Introducing our Self Employed Income Wizard

We will be launching our brand new Self Employed (SE) Income Wizard tool this Friday. 

Located in the Borrowing Capacity calculator, the SE Income Wizard allows you to accurately assess two financial years, by considering Net Profit Before Tax, non-recurring expenses, company loans, Director Fees and addbacks. 

Currently the tool works for one self employed entity, however we're working on extending this functionality and will update you when the next release is live. 


Borrowing capacity updates - St George now included

Great news - we've released another lender into our Nexus Servicing Engine. 

Our St George Bank lender-specific calculator is now live in Mercury Nexus. As well as greater accuracy, you can now access the DTI and policy and servicing status at a glance. Learn more here.

St George joins CBA, Westpac, NAB, Macquarie and Bankwest. We will continue to update you as more lenders become available. meaning you will now see 

Free Credit Checks - how to get accredited

We understand that getting a comprehensive credit check on behalf of your clients can be a huge time saver for you - so we've made the process seamless.

You can now order an illion Access Seeker credit check directly from an Opportunity in Mercury Nexus, and it will be processed and appear in the Attachments tab in less than a minute - at absolutely no cost to you.

How do I get accredited?

For step-by-step instructions visit the Connective Wiki

How long will it take to get accredited?

The registration process may take up to two business days:

  • You should receive an email with your credentials within 24 hours.
  • After you have entered your credentials in to Mercury Nexus, it may take another 24 hours before your account is activated.
    Note. Credentials are activated three times a day - 10am, 1pm, 4pm.

If you have any issues with the registration process please contact the Mercury Helpdesk at helpdesk@connective.com.au


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