Lenderquote chooses to launch secured loan sourcing system at FSE
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Lenderquote chooses to launch secured loan sourcing system at FSE
27 Sep 2013
Lenderquote, the award-winning software used by master broker Promise Solutions, is now making its systems available to loan packaging brokers.
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Lenderquote, the award-winning software used by master broker Promise Solutions, is now making its systems available to loan packaging brokers.
Available on a low cost licenced basis boasting claims of vastly reduced training times, lower administration costs, faster sales, less reliance on experienced underwriters plus detailed research records and audit trail to protect the business.
Steve Walker, a spokesman for Lenderquote, said:
“The underwriting and sales system has been tried and tested over the last seven years and is recognized as best in class. Over 10,000 intermediaries have registered to use the introducer version through Promise Solutions and its partners. For secured loan brokers and packagers with direct lender agencies Lenderquote can provide a complete underwriting and sales platform including whole of market underwriting and sales process for nineteen lenders, integrated lender credit searches, built in TCF and compliance tools and audit, integrated lender agreement printing and data integration via XML to CRM systems to reduce rekeying.”
Some of the main benefits to packagers and loan brokers are minimal training for sales staff and underwriters, allowing rapid growth and lower staff costs, point of sale underwriting and quoting to close sales faster and minimise call backs, whole of market comparison plus up-sell and down-sell guides to demonstrate the best deal plus built in referral rules to maximise out of criteria opportunities.
Walker added:
“99% of loan packagers do not have access to this type of technology but it is an important requirement now and will be a business imperative as the industry moves to FCA regulation. The system is currently in use in pilot mode with selected partners and will be available more widely in the coming weeks."
"Lenderquote compliments experienced underwriters enabling teams of less experienced people to properly deal with secured loan enquiries, meet current and future regulatory requirements, reduce administrative burdens whilst freeing up underwriters to deal with exceptions."
Lenderquote will be available for packagers to view at the Financial Services Expo on 1st and 2nd October.
