Introducing the Interest Only Expiry dashboard, the latest addition to the Analytics App.

We're dedicated to empowering you with data and insights to support and grow your business. The Interest Only Expiry dashboard allows you easily see which clients' have an expiring rate, so you can reach out to them at the right time. It’s a great way to show your clients you care about their circumstances and bring your business front of mind.

Upcoming Interest Only Loans for review

This dashboard gives you an instant snapshot of how many clients have an Interest Only rate that will expire in the next 12 months.

The dashboard will show you:

• A total balance in the top right corner that shows the total value of all home loans that have expiring Interest Only rates
• The number of opportunities that have an expiring Interest Only rate broken down on a month-by-month basis
• Interest Only expiry by lender
• A table containing each opportunity record so you can easily see key details, including current loan balance and expiry date.

You can click on each graph to filter by month or lender or use the parameters at the top of the dashboard to filter by date range, loan writer, lender, status and rate type.

Interest Only products with no expiry date

If you have Opportunity records without their Interest Only expiry date recorded; this dashboard will allow you to quickly identify these records and add the expiry date, without having to manually go through each opportunity.

You can learn more about the Interest Only expiry reports here on the Connective Wiki.

Why is it important to have an Interest Only expiry date on an Opportunity record?

Aside from being best practice, this allows you to contact your client before their Interest Only rate expires, and before they start looking at other options.

In Mercury Nexus, you can also set up tasks to automatically trigger when your clients Interest Only rate is expiring.