TRANSCRIPT

0:02 When you open up the Sora platform as an advisor, the first screen you see is the liability dashboard. This is where you can find an overview of all of your clients' outstanding liabilities, including the number of outstanding loans each of your clients has, their outstanding balance on those loans, 

0:19 and the untapped savings they could realize through a refinance or other optimization opportunity. All of this data is automatically pre-populated when a client is onboarded and stays refreshed in real time.

0:33 When you click on a client, you open up that client's wallet overview. Here, you'll find more details about their financial health and their current portfolio of liabilities.

0:44 You'll see their assets and income, their credit score, their debt-to-income ratio, and a detailed breakdown of each of their outstanding liabilities.

0:53 Including mortgages, HELOCs, student loans, personal loans, auto loans, credit cards, and more. This data is refreshed in real time without you or your clients lifting the finger.

1:06 However, in the off chance that any liabilities are missing, adding them is as simple as clicking the add liabilities button at the bottom of the page.

1:15 This entire page is also available directly to your clients via Sora's client portal, but if you prefer to share information with them, via a consolidated report, all you have to do is click the Insights Report button at the top of the page to dynamically generate a client-ready PDF with all of the details

1:36 . At the top of the page, you'll also see separate tabs for any non-credit card liabilities your client has. For example, this client has a mortgage with Bank of America.

1:47 By clicking on this tab, you'll get access to pre-populated data points like the value of the mortgage property and the amount of equity available on the home.

1:56 Most importantly, you'll get a Sora score, which captures on an A- to F scale, the attractiveness of the current liability relative to the rate Sora is seeing in the market for equivalent loans.

2:08 Anything less than an A means your client has an opportunity to save. Scrolling down to the bottom of the page, you'll see that by continuously monitoring hundreds of lenders, Sora has already identified an attractive refinance opportunity and has calculated what your client's total cost of debt and 

2:27 monthly payment savings would look like after a refund. finance. To get more details on the best refinancing opportunities, all you have to do is click the see options button to view the top options Sora has identified via its rate If you want to request a refinance on behalf of your client, or- or, 

2:47 request a lender scan to find the best rates on a client's new loan, doing so is as simple as clicking on the request loan tab on the left hand side of the screen.

2:56 From there, all you have to do is select the client's name and the type of loan, fill out any necessary details, and hit submit.

3:07 After you request a loan, it will appear alongside any other request. In the tasks panel, to track the progress of the submitted request, simply click review loan in the actions drop down.

3:22 This will direct you to the loan request details page where you can check the status of the request as it moves from the lender scan phase to underwriting and closure.

3:32 You or your client can also add additional information about the requested loan, view and select live rate quotes as they come in, and upload any necessary You can documents for the underwriting process.

3:45 Once you have a firm offer to refinance a client's existing liability, you may want a data driven way to help your client understand how much they can save.

3:55 That's where Sora's analytics engine comes in. When you navigate to the analytics page, you'll again be asked to select a client and the liability that they are optimizing.

4:06 In this case, we'll stick with James and his mortgage with Bank of America. America. Now, at the right, we see that the best offer received from Sora's lender scan is automatically pre-populated.

4:18 Scrolling down, we can view a series of automatically generated charts displaying the total cumulative interest expenses James could save by refinancing, the net present value of a refinancing, and the future value of the interest rate savings if they were reinvested in the market at a 6% return.

4:37 Now that we've discussed some of the tools Sora gives you to optimize your clients' liabilities. abilities. Let's talk about how you actually get your clients onto the platform.

4:47 By getting back to the Dashboard tab, if you click on the Add Client button in the top right corner, you are presented with several different ways to onboard clients.

4:56 If you want to just add a single client, you can input their information manually on the Add Individual Clients tab and submit.

5:03 To bulk upload multiple clients' information, simply download the onboarding spreadsheet template, fill in the relevant information, and re-upload. You can clients to onboard themselves You can via email or port over your existing contacts from your favorite CRM or planning tool.

5:22 As part of the onboarding process, Sora does require the social security number of any onboarded client in order to perform a soft credit pull.

5:32 Sora takes data and information security extremely seriously, and the platform automatically deletes social security data after the credit pull is complete.

5:41 Additionally, all PIIs encrypted using robust bank level 256-bit encryption. We hope you've enjoyed this demo of Sora Finance. Visit us at sorafinance.com to learn more or reach out with any questions at contact at sorafinance.com.

5:59 We are excited to help you grow your client's wealth and your practice through the power of of Sora's liability management and optimization platform.

6:08 Thank you.