Onyx IQ Alternative for Broker Trail Analysis

Identify Who Owns the Loan Accounts

The lender owns the lending operation, while the brokerage earns commission for the loans it arranges. That difference decides which software you need.

Onyx IQ describes its platform for merchant cash advance, alternative and commercial lenders. Its merchant cash advance pages use a US lending context, including US state disclosures and automated bank collections. That lender workflow differs from an Australian broker receiving monthly trail through an aggregator.

For a broader explanation of the platform, read our Onyx IQ guide. Here, the deciding question is whether you manage repayments owed to a lender or commissions paid to your brokerage.

Choose Track My Trail for the commission question. Choose a lender platform such as Onyx IQ when your business must originate funding and service the resulting accounts.

Loan Servicing and Broker Income Are Different

Loan servicing records what borrowers owe and repay. Broker income analysis records what the brokerage receives for the loans it has written.

Onyx IQ brings applications, credit decisions and agreements into the lender’s workflow. It also tracks portfolio accounts, collections and investor participation. Track My Trail starts with the commission report your aggregator issues.

A lender portfolio balance does not establish that an aggregator paid your commission correctly. The balance measures the lending account. Your report shows the commission recorded against that account, under the payment arrangements for your brokerage.

For example, a borrower can still have an outstanding loan while a commission payment is absent from your statement. Investigate the commission record and payment explanation before treating the missing income as a discharged loan.

Where Track My Trail Helps a Brokerage

Track My Trail turns your aggregator reports into views of the clients and lenders producing your income. Upload two monthly reports to Quick Analysis. We show which clients were added or dropped off, discharges and large balance movements, alongside the change in trail.

Trail by Broker breaks down the brokerage’s trail by broker on every plan. You can filter the analysis to one broker. Lender concentration shows where your income depends on particular lenders, while client profiles collect each client’s loans and commission history.

Missing Trail Analysis separates trail that stopped and later reappeared from clients who discharged. You can use the missing periods and amounts to raise a payment query with the aggregator.

Consider an illustrative case where a client’s trail disappears from one report. Compare the account with the previous period and inspect the statement’s balance and payment rows. A lost-client signal starts that investigation. It does not establish that the borrower has repaid the lender or that you must collect a repayment.

Commission Verification checks each upfront payment against the trail that should follow within two months. It also shows trail with no upfront. This gives you a second way to investigate payment records beyond a fall in monthly totals.

For longer-term exposure, Clawback Risk lists every loan still inside its clawback period, with days remaining and the upfront at stake. Its estimates follow the aggregator’s or lender’s rules. You can investigate the exposure before a clawback reaches your statement.

Compare Buyer Access and Data Requirements

A broker submission view in Onyx IQ gives access to a lender’s origination process. Buying software for your own commission statements gives your brokerage control over a different task.

Onyx IQ’s platform describes broker submissions and status visibility within the lender workflow. Its integrations page lists lending connections for bank data, credit checks and payments. Those connections do not establish a commission-report transfer to Track My Trail.

The Onyx IQ purchasing route is a demo or contact enquiry with its lending team. Discuss the lender operation and the implementation it requires through that process. Broker submission access and a lender’s platform purchase are separate decisions. A US commercial-lending software quote is not a comparable Australian trail-analysis fee.

For Track My Trail, download the reports your aggregator already sends. We read supported CSV, XLS and XLSX report formats. The supported aggregator guide identifies the report coverage. Other statements can use the Generic CSV template or PDF to CSV, which lets you check converted rows before analysis.

Excel Escape includes Quick Analysis. Pro Performance adds stored Trail History and Historical Analysis over the most recent two years for one trail book. Elite Suite adds the full history and combines up to five aggregators or trail books. It also includes team logins and Trail Book Valuation.

See Track My Trail pricing for current prices. Billing is monthly or yearly, and prices include GST. You can cancel a monthly plan at any time or change your plan and billing from the account page.

Choose the System for the Business You Run

Keep lender operations in a lender platform when your business originates funding and manages borrower repayments or investor allocations. Track My Trail answers the Australian brokerage’s commission question from the reports it receives.

A business with both activities can have a reason to use both tools. Each must answer its own business need. Keep their records separate unless you have a documented transfer process for the data involved.

For your trail book, start with the latest two monthly aggregator reports. Use Quick Analysis to find the income change, then investigate the accounts behind it. The software alternatives directory compares other named tools by their role in a brokerage.

Get started for free with a 7-day free trial. No credit card.