ASIC expects brokers to make reasonable inquiry. Lenders are requiring documented source of funds verification. Lexi reads your client's bank statements and returns a professional report — ready to submit, every time.
Source of funds verification isn't optional — it's a professional obligation. Lexi documents that you checked, every time.
Under the NCCP Act and ASIC's responsible lending obligations, mortgage brokers must take reasonable steps to verify the information provided by their clients — including the source of funds for deposits and contributions. A broker who signs off without checking exposes themselves to serious professional and regulatory risk if an issue is later discovered.
Most source of funds issues don't look obvious. They're patterns — irregular deposits, undisclosed crypto conversions, gifted funds routed through multiple accounts, or income that doesn't match the declared figure. Lexi reads every transaction line and surfaces what needs explaining before it becomes a lender query.
No new software to learn, no client portal to manage. Upload the statements and Lexi returns a report ready for the lender file.
80+ detection libraries covering the signals that matter for mortgage source of funds verification.
"Bank statements never lie. The broker who checks is the broker who never gets the call asking why they didn't." — Built from 35 years of bankruptcy forensics experience · LexCrypta Global
No per-scan anxiety. Subscribe and run source of funds verification on every application as standard practice. Bill it across your files as a monthly disbursement.
For aggregator group pricing, enterprise enquiries, or to discuss how Lexi fits your practice — reach out directly.