Commercial First has unveiled a system that allows brokers to calculate affordability, get quotes, track cases and get decisions in principle online.
The cfirst system requires brokers to answer nine questions to select the right product for them. The term and repayment options can be varied to get different quotes.
The system then produces Key Facts Illustrations or Commercial First illustrations and also provides an audit trail of advice.
cfirst incorporates a fully integrated Equifax credit search, which provides instant approvals in principle, submission checklists and pre-populated application forms.
Stephen Johnson, sales and marketing director at Commercial First, says: “The cfirst system is revolutionary and delivers the latest technology to the industry.”
Mike Straight, director of Mustard Commercial Finance, says: “The ability to do full credit-searched DIPs is great and will stop us getting into problems later.”