With a monthly subscription of just $29, you gain access to Lender Spotlight's AI Assistant. Designed to help you sift through the complex terrain of lender policies and rates, the AI Assistant offers two versatile search modes: 'Ask Lender' and 'Search Lender'. Understanding these modes and how they affect your monthly usage meter can help you make the most of your subscription. Let's dive in.
1. Two modes, Different Usage
Ask Lender
What it Does: Targets specific lenders and their policies in a selected province.
Best Used For: When you have one or more specific lenders in mind.
Usage Impact: Minimal, as it narrows down to specific lenders.
Search Lender
What it Does: Scours a wide array of lenders, providing a broader picture.
Best Used For: Exploratory searches across multiple lenders.
Usage Impact: Higher, as it filters through a larger set of policies.
Note: The usage cost is determined by OpenAI, based on the volume of information processed. If you reach the usage limit on AI, please contact customer support to reset your access, allowing you to continue benefiting from the tool.
2. Required Steps Before Each Search
In both modes, ensure you:
Select the relevant province.
Choose the lender type (Bank, Monoline, Alternate (Defined Rates), or Credit Union). If you wish to know which lenders the AI Assistant is considering during a search, go to the rates page and select your province and lender type to apply the relevant filters.
3. Making the Most of Your 'Search Lender' Usage
Example Query
AB - Bank: "What lender will do a refinance with 651 beacon?"
Pro Tip for Precision
Pro Tip for Precision: Use exact terms: Instead of asking, "who can do a 90% offset," specify "who can do a 90% rental offset." This narrows down the policies considered and conserves your monthly usage.
4. Using 'Ask Lender' Reduces Your Impact on Usage
Example Query
BC - Bank, choose Scotia and TD: "Who offers CCB for children over 14 years old?"
By using the 'Ask Lenders' tab and selecting a specific lender will consume less of your monthly usage meter.
5. Decoding 'Alternate (Defined Rates)
This option zeroes in on lenders that offer more flexible products with undefined rates. Please note that private lenders or MICs are not included in this category.
6. Other Information on Usage
Questions you've asked before are cached and won't impact usage
For now, once you've reached the limit for usage please contact customer support to reset your access, allowing you to continue benefiting from the tool.
For any further questions, our support team is here to help. Thank you for being a valued Lender Spotlight user!