Best AI Tools For Mortgage Brokers In Australia (Top 5 in 2025)

Feeling swamped by administrative tasks when you’d rather focus on your clients?

You’re not alone.

Many mortgage brokers in Australia are discovering that AI tools can streamline their workload and boost productivity.

But with countless options out there, finding the right ones can be challenging.

Let’s take a closer look at the top 5 AI tools set to transform your business in 2025.

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Eliminate hours of manual data crunching and focus on building relationships with new clients.

Track My Trail makes it easy for brokers to keep track of lost & gained trail, discover clients who have paid off big chunks of their loans, and identify your most profitable clients.

Get Track My Trail for free today—no credit card required.

Top 5 AI Tools For Mortgage Brokers In Australia

1. Track My Trail

Track My Trail is a specialised software platform designed for mortgage brokers to optimise their trail books—the ongoing commissions received from lenders for managing clients’ mortgages. Track My Trail tool offers detailed insights and analytics to maximise profitability and efficiency within a brokerage.

It helps brokers identify patterns in lost or gained trails, providing actionable insights to retain clients and attract new ones. By analysing profitability across clients, products, and business areas, brokers can focus on high-value segments for growth. Track My Trail also assesses client distribution among lenders, uncovering potential lender favouritism and aligning it with profitability and client satisfaction.

By replacing time-consuming spreadsheets with an automated, user-friendly interface, Track My Trail delivers powerful insights with minimal manual effort. This enables brokers to improve client retention, enhance profitability, and make informed, data-driven decisions—ultimately allowing them to concentrate on growing their business and staying competitive in the market.

2. BrokerEngine

BrokerEngine is a comprehensive tool designed specifically for mortgage brokers. It offers features like workflow automation, task management, and sales pipeline tracking. Its user-friendly interface and customisable options make it a favourite among brokers.

The tool’s tailored functionalities help brokers manage their operations more effectively. For example, it can automate repetitive tasks like sending follow-up emails, freeing up time for brokers to focus on client relationships. Case studies have shown that brokers using BrokerEngine experience significant improvements in efficiency and client satisfaction.

3. Quickli

Quickli stands out for its API integrations, which provide real-time rate comparisons and policy details. This tool is particularly useful for brokers who need to offer clients accurate, up-to-date information quickly.

By streamlining broker-client interactions, Quickli enhances decision-making processes. Brokers can use the tool to compare loan options in real time, ensuring that clients receive the best possible advice. This not only improves client trust but also speeds up the loan approval process.

4. Sherlok

Sherlok is an AI-powered tool that focuses on refinancing strategies and trail book analysis. It helps brokers identify refinancing opportunities by analysing client data and market trends.

The tool’s proactive approach to client retention is one of its key benefits. By offering refinancing options before clients even ask, brokers can strengthen their relationships and increase revenue. Many brokers have successfully used Sherlok to enhance client satisfaction and profitability.

5. Loan Market Go

Loan Market Go is an AI-driven marketing tool that excels in lead generation and client engagement. It integrates with social media platforms to target potential clients and uses automated workflows to maintain consistent communication.

This tool is ideal for brokers looking to expand their reach and visibility. Its marketing automation features ensure that brokers can engage with clients at every stage of the mortgage process, from initial contact to post-deal follow-ups.

What Are AI Tools For Mortgage Brokers?

AI tools for mortgage brokers are software solutions designed to automate, streamline, and enhance various aspects of the mortgage process. These tools leverage artificial intelligence to handle tasks such as workflow management, document processing, lead generation, and customer relationship management.

The importance of AI tools lies in their ability to improve operational efficiency and client service.

By reducing manual tasks, increasing accuracy, and enabling faster decision-making, these tools empower brokers to focus on building relationships and growing their business.

AI integration in mortgage brokering spans multiple areas, including team collaboration, data management, and marketing automation. These tools are not just about saving time—they are about delivering smarter, more personalised services to clients.

Understanding AI Tools For Mortgage Brokers

AI tools assist mortgage brokers by automating repetitive tasks, improving compliance, and providing data-driven insights.

For example, they can streamline the collection of client documents, analyse financial data, and even predict client needs based on historical trends.

The benefits of AI tools are significant. They enhance productivity by reducing the time spent on administrative tasks, improve client relationship management through personalised interactions, and increase accuracy in loan processing.

These advantages translate into better client experiences and more efficient operations.

Compliance is another critical area where AI tools excel.

They help brokers meet legal and industry standards by automating processes like document verification and data analysis.

This not only reduces the risk of errors but also ensures that brokers remain compliant with regulations.

Types Of AI Tools For Mortgage Brokers

Workflow And Team Management Tools

Workflow and team management tools like BrokerEngine, Trello, Asana, and Monday are invaluable for mortgage brokers.

These tools help streamline workflows, track sales pipelines, and enhance team collaboration.

By improving communication and reducing task turnover time, these tools ensure that brokers can manage their operations more efficiently.

For instance, BrokerEngine is specifically tailored for mortgage brokers, offering features like task automation and customisable workflows.

Document And Data Management Tools

Managing client documents and data is a time-consuming task for brokers.

Tools like FinanceVault, FileInvite, and BrokerPad simplify this process by automating document collection and organisation.

Additionally, tools like illion BankStatements and CashDeck specialise in bank statement retrieval and expense analysis.

These features not only save time but also ensure that data is stored securely and accessed easily when needed.

Customer Relationship Management (CRM) Tools

AI-powered CRM tools are essential for tracking customer interactions and maintaining detailed client records.

These tools provide brokers with actionable insights, enabling them to offer personalised services and build stronger client relationships.

The benefits of CRM tools extend beyond client engagement.

They also help brokers retain clients by ensuring consistent communication and follow-ups.

This is particularly important in a competitive market where client loyalty can make or break a business.

Lead Generation And Marketing Automation Tools

Lead generation and marketing automation tools like Loan Market Go are game-changers for mortgage brokers.

These tools use AI to automate client outreach, nurture leads, and maintain engagement through systematic marketing campaigns.

By integrating with social media platforms and other marketing channels, these tools help brokers expand their reach and visibility.

They also save time and resources, allowing brokers to focus on closing deals rather than chasing leads.

AI Tools In Australia: Eligibility, Benefits, And Considerations

Eligibility For Using AI Tools

When selecting AI tools, brokers should consider factors like compatibility with existing systems, ease of use, and cost-effectiveness.

The learning curve for these tools is another important consideration, as brokers and their teams need to adapt quickly to maximise the benefits.

Benefits Of Incorporating AI Tools

The advantages of using AI tools are clear.

They increase efficiency and productivity, enhance client service, and improve compliance and data accuracy.

These benefits not only make brokers’ lives easier but also contribute to better client outcomes.

Considerations For Mortgage Brokers

While the benefits are significant, brokers should also evaluate the costs and resources required for implementing AI tools.

Training and integration can be time-consuming, so it’s essential to choose tools that align with business goals and client needs.

Additional Insights: The Future Of AI In Mortgage Broking

The future of AI in mortgage broking is promising, with advancements in machine learning and predictive analytics set to revolutionise the industry further.

Brokers can expect tools that not only automate tasks but also provide deeper insights into market trends and client behaviour.

For instance, AI could soon enable brokers to predict market shifts and adjust their strategies accordingly.

This level of foresight would give brokers a competitive edge, allowing them to offer clients more tailored advice and solutions.

Moreover, as AI technology becomes more accessible, smaller brokerages will have the opportunity to compete with larger firms.

This democratisation of technology could lead to a more level playing field, benefiting both brokers and clients.

In conclusion, AI tools are transforming the mortgage broking industry in Australia.

By automating tasks, improving accuracy, and enhancing client engagement, these tools empower brokers to deliver better services and achieve greater success.

Whether it’s Track My Trail for trail book optimisation or BrokerEngine for workflow management, the right AI tools can make all the difference.

Track My Trail Team

The Track My Trail Team develops software to simplify trail book management for mortgage brokers. Their tools provide fast and practical insights to help brokers get the most out of their trail books.