Pepper Money accreditation › uploads › files › accreditation-guide.pdf · Unlimited cash out for acceptable purposes, including business use Discharged bankrupt (from 1 day)

Copyright 2016 Pepper. Confidential.

Pepper Money accreditation


Agenda

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• Thank you for taking the time to become accredited with

Pepper Money.

• This overview should provide an introduction to Pepper

Money’s key niches.

• For more information, please contact your Pepper Money

BDM upon accreditation and download the Product Guide.


Agenda

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During this introduction, we’ll discuss

1. Who is Pepper?

2. The Pepper Money assessment approach

3. Pepper Money niches

4. An introduction to Pepper Money products

5. Pepper Money’s Alt Doc loans


Who is Pepper

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Pepper is a global financial services company

headquartered in Australia.

Pepper’s global footprint spans across

5 countries and has over 1,600 staff globally


Pepper Group overview

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Pepper UK Pepper Ireland Pepper Australia Pepper Spain Pepper S. Korea


What do Pepper Money offer?

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At Pepper Money, our mission is to help people succeed by offering practical financing solutions for a range of needs.


What do Pepper Money offer?

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At Pepper Money, our mission is to help people succeed by offering practical financing solutions for a range of needs.

Home Loans Car Loans Equipment Loans Personal Loans


How does Pepper Money’s product range work?

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Pepper Money’s colour coding system will help with identifying the correct product.

Green represents

Pepper Money’s

‘Prime’ home loans

Amber represents

Pepper Money’s

‘Near Prime’

home loans

Red represents

Pepper

‘Specialist’

home loans


A different approach

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At Pepper Money, we don’t just take your application and feed it into a system or software. There is NO Credit Scoring. Each application is manually assessed by a highly experienced member of the

underwriting team. And, applications submitted by 1pm (AEDT) will receive a

answer on the same day.


Three loan products, one application form

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Pepper Money has a unique cascading underwriting assessment where the one application form accesses 3 credit policies that are attached to a range of loan products.

We will always assess the application under our ‘prime’ range first

Then automatically reassess under our ‘near prime’ range if it doesn’t fit

If it doesn’t fit under ‘near prime’, then we will assess it under ‘specialist’.

This unique process increases the probability of conversion.


No affiliation with a LMI provider

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At Pepper Money, we underwrite our loans in-house – and each application is manually assessed by an expert underwriter.

This means we do not need to wait on approval from third party

LMI providers.

For our brokers this means a faster turnaround.


General Pepper’s niches:

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Same day

approval

No genuine

savings

required

No Credit

Scoring

‘Full Doc’ and ‘Alt

Doc’ available No third party

LMI approval

required


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Solutions for

the self

employed

Same day

approval

No genuine

savings

required

No Credit

Scoring



LMI approval

required

PLUS…

Full Doc up to 85%

with No LMI/equivalent

fee payable

Paid defaults up to

$500 accepted

(paid anytime)

‘Prime’ niches:


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Unlimited credit

impairment

registered over 2

years (paid or

unpaid)

Unlimited cash

out for acceptable

purposes,

including

business use

Discharged

bankrupt (from

1 day)

Same day

approval

No genuine

savings

required

No Credit

Scoring



LMI approval

required

PLUS…

Unlimited debt

consolidation

including payout

of

ATO debt

‘Near Prime’ niches:


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Credit impairment

registered less than

12 months (paid or

unpaid)

Up to 2 months

mortgage

arrears

12 month ABN

accepted

Late / missed

payments

Same day

approval

No genuine

savings

required

No Credit

Scoring



LMI approval

required

PLUS…

‘Specialist’ niches:


Pepper Money’s Alt Doc loans

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A client should only be offered an Alt Doc Loan once the preliminary assessment has been completed and it is obvious that the client doesn’t have the required documentation for a full doc loan.



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Demand from brokers requiring an Alt Doc loan to assist clients is increasing



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Pepper Money’s Alt Doc loans are currently performing as well or better than full doc loans, which is a testament to the level of underwriting that takes place today.



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Importantly, Alt Doc loan arrears are at a record low.



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Pepper’s Alt Doc requires a client to complete an income declaration form

that shows assessors what their income position is at the time of application.

This also needs to be supported with one/two of the following three

documents

6 Months BAS 6 Months Business

Banking Statements

Pepper Accountant’s

Letter template



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Below you will find some details around ‘Alt Doc’ by product range

Prime Home

Loans Near Prime Home

Loans

Specialist Home

Loans

24 month ABN

12 month GST

Declaration of financial

income plus

2 supporting documents.

24 month ABN

12 month GST


income plus

1 supporting documents.

12 month ABN

6 month GST


income plus

1 supporting document.


How do you recognise an ‘Alt Doc’ customer?

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Newly self employed

Don’t have updated tax

returns Contractor

May only be in business for

12 months May not yet have submitted

latest tax return or may have

a large ATO debt to payout

May have irregular income

due to factors such as

seasonality


Pepper Money customer service

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As a Pepper Accredited broker, you can enjoy the following service levels

Dedicated

scenarios

support team

with an average

response

turnaround time

of 1 hour

Same Day

Approvals on

applications if

submitted by

1pm (AEST)

Localised BDM

presence in every

state

50+ sales staff

dedicated to

broker

channel

Dedicated online

broker resource

pepper.com.au/

broker


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Please refer to the Pepper Money product guide for more information


Pepper Group Limited ABN 55 094 317 665. Australian Finance Services Licence 286655; Australian Credit Licence 286655

Pepper Asset Finance Pty Ltd CAN 165 183 317; Australian Credit Licence 458899 © Copyright 2016 Pepper Group Limited.

All rights reserved.

Documents

Pepper Money accreditation › uploads › files › accreditation-guide.pdf · Unlimited cash out for acceptable purposes, including business use Discharged bankrupt (from 1 day)