Mortgage Ezy lending policy depends on the loan program and funding route selected, including the broker-payment option attached to that facility. Match the client’s credit assessment to that route and keep the commission terms with the same file. A move between Mortgage Ezy programs needs separate credit and remuneration decisions.
Funding Route and Broker Payments
Identify the Mortgage Ezy product, funding route and commission election before calculating broker pay. Mortgage Ezy’s broker site describes flexible remuneration paid on settlement. The amount credited to your brokerage also depends on your aggregator agreement.
The distinction between default and elected remuneration is visible in YBR Aggregation’s 2024 commission schedule. It lists default commissions of 0.60% upfront and 0.15% annual trail, including GST. Its no-clawback option lists 0.75% upfront and 0.10% annual trail for named products, with an express election required. Those are the named schedule’s terms, not a quote for every Mortgage Ezy facility.
For the selected loan, record the upfront calculation balance and when that balance is measured. Record the first eligible trail period and its payment cycle separately. Include the treatment of offset funds, undrawn amounts and later repayments in that calculation record. An approved loan limit alone does not establish the commissionable balance.
Reconcile settlement advice against the commission statement using the loan reference and product code. If the statement balance differs from the expected amount, trace the balance adjustment before treating it as a rate error.
Clawbacks and Replacement Lending
Mortgage Ezy’s recovery terms depend on the commission option and facility. Its featured Ezy Lo Doc product has a no-clawback option with a different borrower rate and risk-fee structure from standard clawback pricing. Compare the client’s total cost before selecting either structure.
The YBR schedule lists standard recovery of 100% within 12 months and 50% from 13 to 18 months. It also contains a separate recovery clause for a default notice issued within six months. Its arrears column suspends commission at 30 days or more until the account is brought into order. Read each obligation separately when assessing the original entitlement.
Classify the proposed transaction before calculating a replacement payment:
| Transaction | Credit Decision to Record | Broker-Payment Decision to Record |
|---|---|---|
| Internal product change | Whether the facility continues under a variation | Continued trail entitlement and any additional upfront |
| Move between funding routes | The provider assessing and documenting the replacement | Internal-refinance or new-settlement treatment under the commission agreement |
| External refinance | Replacement assessment and discharge requirements | Recovery triggered by repayment of the original facility |
| Top-up | Additional debt and its purpose | The eligible increase or other defined commission basis |
| New splits | Redistribution of existing debt or additional borrowing | Loan references retaining trail and any newly commissionable amount |
A shared Mortgage Ezy brand does not establish the commission classification. Obtain the credit decision and commission treatment against the actual old and new facility references.
For a hypothetical move from Ezy Lo Doc to a different funding route, record both providers and the amount used to repay the existing loan. A new credit assessment does not itself prove that full replacement upfront is payable. Resolve the old loan’s recovery and the new loan’s entitlement separately.
Income Records by Route
Mortgage Ezy separates fully documented lending from alternative-documentation options for self-employed applicants in its lending solutions. Select the evidence path before assembling the income pack.
For a full-doc application, organise the applicant’s earnings records around employment or business income. Reconcile the income used for servicing to its supporting records and explain differences between declared income and account receipts.
Ezy Lo Doc (Accountants Dec) specifically accepts accountant-prepared business activity statements without requiring them to come from the tax office portal. The featured product also states no minimum time with the accountant. Keep that concession attached to this product when comparing it with Propel or another funding route.
For an alternative-documentation submission, identify the declaration and supporting records required by that route. Explain the business activity producing the income and any mismatch between the declaration and available financial records. Changing routes requires a fresh document comparison before reusing the first pack.
Credit and Residency Conditions
Mortgage Ezy has separate expat, non-resident and non-conforming lending options, so residency and adverse credit must be matched to the selected program. Its solutions page distinguishes Australians living abroad from non-resident applicants. Non-conforming lending addresses credit difficulties for employed and self-employed applicants.
Record citizenship or visa status separately from where the applicant lives and earns income. Include the income currency and whether the security is in Australia when presenting an overseas scenario.
Mortgage Ezy’s privacy policy describes collecting liabilities, repayment history, defaults and insolvency information for credit assessment. Explain adverse entries and supply the evidence needed to reconcile the credit report with the application. A product aimed at credit difficulties still needs a decision on the applicant’s particular history.
Keep conduct on the existing loan distinct from the broader credit report. For a refinance, organise repayment records around the debts being replaced and explain missed or irregular payments in the submission.
Property and Purpose Fit
Match Mortgage Ezy’s security category and loan purpose to the same funding route used for the income assessment. Residential lending, construction and commercial property are separate options in its solutions range.
Record the property’s use, location and type before ordering the valuation under the selected route. Include any feature that changes marketability, such as unusual accommodation or mixed residential and commercial use. A value estimate cannot establish that a property is acceptable security.
The featured Ezy Lo Doc product permits cash-out with a stated purpose and no evidence below $500,000. That concession belongs to the named product. State the purpose and amount in the application, then apply that route’s conditions to each use of funds.
For construction, keep the building contract and proposed drawdowns beside the security details. A vacant-land product does not establish approval for construction funding. Resolve the completed-property assessment and funding stages before treating the whole project as covered.
File Submission and Referral
Prepare the Mortgage Ezy submission around one identified route, with any exception clearly separated from the standard assessment. Use the Mortgage Ezy broker access guide for access and escalation contacts. The lender-policy directory helps compare other lenders’ requirements.
Assemble the file in this order:
- Record the product and funding route, borrowing entities and transaction type.
- Attach identity and residency evidence, then the income records selected for that route.
- Reconcile liabilities and repayment conduct with the credit history and proposed refinance amounts.
- Add the security details, valuation instructions and evidence for the proposed use of funds.
- Retain the commission election and calculation basis separately from the credit recommendation.
- Present each policy exception with the relevant rule and the evidence supporting the requested treatment.
If a product summary conflicts with a route-specific condition, send both passages with the scenario to the account manager for referral to the relevant credit authority. Request a written decision identifying the product and exception. Send any commission-classification question through the remuneration channel as a separate enquiry.
Before lodging a replacement facility, the file must show which credit decision applies and how the old and new commission entitlements are treated. Keep those decisions with the supporting evidence so a later adjustment can be traced to the agreed terms.
