What happens to my access if my number of "connected loans" drops significantly, and how does LoanCheckr ensure fair billing in such scenarios?

If your number of "connected loans" drops significantly, your access to the LoanCheckr platform and its features will remain unchanged. You will continue to have full access to manage your remaining portfolio, utilize all tools, and add unlimited users.

LoanCheckr ensures fair billing through a dynamic and transparent pricing model that automatically adjusts to your workload each month. Here’s how it works in a scenario where your loan count decreases:

• Automatic Monthly Adjustment: The platform calculates your fees each month based on the exact number of "Active Home Loan Accounts" you are managing. If your number of connected loans drops, your bill for the following month will automatically be lower to reflect this change.
• Tiered Pricing in Reverse: Just as the cost per loan decreases when your volume grows, it will adjust accordingly when it shrinks. For example, if you drop from 250 active loans to 150, your billing will shift from the "201-300" tier to the "101-200" tier, which has a different base cost and per-loan rate. This ensures you are always paying the appropriate rate for your current portfolio size.
• Pay for Active Loans Only: You are only billed for loans that have an active connection, meaning the client's consent to share data is current and the loan account is open. Once a loan is refinanced, closed, or consent expires, it is no longer considered "active" and drops off your billable count.
  
  

In essence, the system is designed to scale with your business in both directions. A significant drop in connected loans will lead to a corresponding and fair reduction in your monthly costs, without any penalty or loss of access to the platform's features.