For Track My Trail vs Loanworks, choose Track My Trail to understand the trail you receive and find income that needs investigation. Choose Loanworks commissions management when your organisation calculates and distributes commission payments to brokers or introducers. Blackwattle markets that same Loanworks product, so it belongs in the same comparison.
Loanworks and Blackwattle Mean One Product Here
Loanworks and Blackwattle describe the same commissions-management solution for lenders, aggregators and broker groups. Blackwattle’s commissions page explicitly calls it the Loanworks commissions solution. A Blackwattle enquiry and a Loanworks enquiry are two sales routes for this product.
The comparison concerns that commission product. Loanworks also has loan-origination software and outsourcing services. Blackwattle has a lending business. Those services have separate purposes, and their capabilities do not automatically belong to the commissions product.
Track My Trail works from the commission reports your aggregator already sends. It explains changes in received income and turns stored history into loan-level follow-up and book analysis. Loanworks configures payment rules and runs the administration that produces commission payments and statements.
| Decision | Track My Trail | Loanworks commissions management |
|---|---|---|
| Main responsibility | Analyse the broker’s received commission and trail book | Calculate and administer payments to brokers and introducers |
| Starting data | Aggregator CSV, XLS or XLSX reports, with conversion options for PDFs | Loan and settlement data imported from core systems, with configured import formats |
| Monthly work | Find missing trail and explain income changes | Validate data, calculate commission and review payment exceptions |
| Outputs | Analysis dashboards, review queues and reports | Payment files, recipient-created tax invoices and commission statements |
| Setup | Upload reports for analysis, with optional stored history | Configure rules and connect the organisation’s systems |
Commission Management and Trail Analysis
Loanworks manages what an organisation owes its brokers, while Track My Trail explains what a broker receives and what happens to the book. Both deal with upfront, trail and clawbacks, but the work attached to those figures differs.
Loanworks’ product page describes configurable commission plans, including upfront calculations and trail rules for balances, offsets and arrears. It calculates clawbacks by days since settlement. Payment runs import and validate data before applying those rules and generating bank payment files and accounting exports.
Blackwattle’s commissions page describes branded recipient-created tax invoices (RCTIs), payment approval and validation of receivables against payables. Loanworks also describes an Originator Portal where brokers can download statements and lodge payment disputes. Its reporting covers channels, introducers and commission types.
Track My Trail starts with two monthly reports for Quick Analysis. It shows clients added or dropped off, discharges and refinances, alongside large paydowns or drawdowns. You can see why trail changed without rebuilding the comparison in a spreadsheet.
With stored Trail History, Missing Trail Analysis separates a loan whose trail stopped and later returned from a discharged loan. That distinction helps you take the affected months and amounts to the aggregator. Commission Verification also matches upfront payments to the trail expected within two months and flags trail received without upfront.
Clawback Risk shows each loan still inside its clawback period, with days remaining and the upfront at stake under the applicable rules. Elite Suite’s Trail Book Valuation grades active loans and produces a three-page report with an anonymised loan schedule. That estimate supports a valuation discussion about the broker’s own book.
Data Preparation, People and Corrections
Track My Trail needs the broker’s statements, while Loanworks needs the data and configured rules used to administer payments. Responsibility for a correction follows that difference.
For Quick Analysis, upload two monthly aggregator reports in CSV, XLS or XLSX format. Other reports can use the Generic CSV template. PDF to CSV converts a trail or upfront statement into rows you check before downloading the CSV.
Trail History stores reports with your agreement and accepts up to 24 monthly reports in one upload. It shows the periods covered and lets you resolve duplicate payments on screen. Quick Analysis stores nothing, so a broker can review two reports without keeping a history.
A missing payment needs investigation against the original statement. Confirm that the loan reference and reporting period match, then use the analysis to raise the discrepancy with the aggregator. Track My Trail reads issued reports, so the aggregator remains responsible for correcting its payment or statement.
Loanworks describes imports from core banking systems and connections to accounting and other organisational systems. Blackwattle’s commissions page separates processing access from approval access. It also describes checks for data exceptions, proposed payments and trail variance.
For a payment exception, the organisation’s commission team must reconcile the source data with the configured commission plan before approving the payment. Loanworks records calculations and approvals in an audit trail. Its broker portal gives the receiving broker a dispute route back to that process.
For an illustrative brokerage, an owner investigating a fall in received trail starts with the aggregator reports in Track My Trail. An administrator paying introducers starts with the incoming data and agreed payment rules in Loanworks. A reporting discrepancy and a payment-run exception need different people to resolve them.
Implementation, Price and the Better Fit
Track My Trail suits a broker who needs answers from received statements. Loanworks suits an organisation taking responsibility for calculating and distributing commissions.
Track My Trail has monthly or yearly billing across Excel Escape, Pro Performance and Elite Suite. Prices include GST, and monthly plans can be cancelled at any time. You can change plans or billing from the account page. The current plans and prices show the subscription terms, including the 7-day free trial with no credit card.
Excel Escape includes Quick Analysis. Pro Performance adds stored history and Historical Analysis for one trail book over the most recent two years. Elite Suite combines up to five books and gives the owner and four teammates their own logins to shared dashboards. It also includes PDF to CSV and a one-on-one onboarding call with the founder.
Loanworks directs buyers to a demo or contact enquiry for commercial discussions. Blackwattle describes solution architects designing and configuring the commissions solution around payment rules and core systems. That work can include integration, process documentation and organisational change management.
An organisation commissioning that work needs an agreed implementation scope alongside its ongoing service terms. The scope must identify the data imports, payment rules and approval responsibilities, plus the accounting exports required for payment runs. Compare the contracted commission service with the work your staff must perform.
Choose Track My Trail if your commission question is about missing trail, changing income or the value and risks of your existing book. Choose Loanworks if your team must calculate what brokers and introducers receive and prepare their payments. When the aggregator already administers your payments, start with analysis of its reports in Track My Trail.
