Comparison
MyLoanBook vs Sherlok
Sherlok is a retention platform built around automated repricing: it monitors client rates against the market, requests reprices from lenders and messages clients on the broker's behalf. MyLoanBook starts from the commission file instead, so its retention work is driven by trail actually lost, clawback windows and review dates, and the repricing board is one part of a broader book-management workflow. Sherlok automates more of the reprice itself; MyLoanBook shows more of the book around it.
| Capability | MyLoanBook | Sherlok | Basis |
|---|---|---|---|
| Automated rate monitoring against the market | Partial | Yes | Sherlok's core feature. MyLoanBook flags rate drift as part of the repricing board rather than monitoring lender rate cards continuously. |
| Automated reprice requests to lenders | No | Yes | Sherlok submits reprice requests; MyLoanBook tracks the request the broker makes. |
| Client SMS and email automation | Yes | Yes | Both offer templated client messaging; Sherlok's is more automated. |
| Reads the commission file for lost and gained trail | Yes | Partial | MyLoanBook is built on the RCTI. Sherlok's public material centres on rate data and CRM integration. |
| Clawback window tracking | Yes | Partial | MyLoanBook tracks every loan's window and exposure; not a headline Sherlok feature. |
| Review scheduling (fixed expiry, IO conversion) | Yes | Partial | MyLoanBook builds the calendar from settlement data; Sherlok's alerts are rate-driven. |
| Book valuation | Yes | No | Not described in Sherlok's public feature list at the time of review. |
| Repricing pipeline with outcomes | Yes | Yes | Both track reprices; Sherlok's is more automated end to end. |
Choose MyLoanBook if
- You want retention driven by what your commission file shows: trail lost, clawback exposure, review dates.
- You want a single place for the book: analysis, valuation, clawbacks, reviews and repricing.
- You prefer to run reprice conversations yourself with the lender and the client.
Choose Sherlok if
- You want repricing fully automated, including the lender request and the client message.
- Continuous rate monitoring across the whole book is your main need.
- Your CRM is already the system of record and you want an add-on rather than a book view.
Frequently asked questions
Do MyLoanBook and Sherlok compete or complement?
Both. Brokers who want automated reprice submissions and a commission-file view of the book could run both; most will pick one based on whether the reprice automation or the book analysis matters more.
Does MyLoanBook contact lenders on my behalf?
No. It tells you which clients to reprice and tracks each request through to the confirmed rate, but you make the request.
Related
Last reviewed 05/09/2026 · Verified against lender material 05/09/2026
Sources: Sherlok website (accessed 05/09/2026), Brokers Support: What is Sherlok? (accessed 05/09/2026)