Lender Specific DTI Rules
Servicing results are passing, failing, or cautioning based on lender specific DTI rules and delivered within the clever and accurate traffic light results system.
We've accounted for the conditional DTI rules based on:
Loan type
LVR
Or net surplus (make sure you have the correct LVR inputted in Quickli).
Traditionally, you'd see a result turn red when it fails due to Monthly Surplus. In Quickli you'll notice a red DTI FAIL icon on the right side of the result when the deal is failing due to that lenders DTI limits 👇🏻
(Data in the screenshot may be outdated)
If a lender isn't explicit with their DTI limits we'll caution you with the ⚠️ icon on the right side. Usually, this means DTI has reached the limit where the lender will begin to flag the DTI has 'high' - likely applying some questions or requiring commentary.
In order to avoid misleading or confusing brokers:
Quickli will (most likely) show more 'red' results and spend less time filtering out where the deal does and doesn't fit.
We have spent hundreds of hours testing each lender calc before making it live on the platform. That includes ensuring the DTI figure matches the lender calc perfectly. Knowing the DTI calculation is accurate means you can rely on the DTI rules being accurate.
Why is there so much difference between the different lenders' DTI numbers?
All lenders take slightly different figures for the income in the DTI ratio so these are the income types where you might see some difference in DTI between lenders:
Self employed
Rental income
Negative gearing
Or any shaded income types
A couple of things to keep in mind:
Generally there isn't much variation on the debt side of the ratio, but there can be if there are business liabilities involved.
The difference in DTI between lenders is most exacerbated when there is a large difference in income between years in the self employed section. This is because some lenders will use the lower year, some the previous year, some the average, and some the higher year.
Reach out to our team in the chat window in the bottom right hand corner of your screen if you have any questions 🤓