View more on these topics

Promise Solutions adds Quick Quote facility

Promise Solutions, the technology led secured loans master broker, has now added a quick quote facility to its secured loan sourcing, underwriting and packaging proposition.

Promise brokers will now be able to quickly rule out those applications which will not progress further whilst providing other borrowers with indicative quotations. At the click of a button, the pre-qualified enquiry details can be referred to Promise who will contact the client, confirm additional information and offer a choice of appropriate products. Alternatively, brokers can continue into the full underwriting system and provide their clients with a highly accurate quotation, plus all the information needed to conclude a compliant sale. In both cases Promise will undertake full packaging of the application through to completion whilst brokers can monitor progress with live case tracking.

Steve Walker, managing director at Promise Solutions, says: “Our introducing brokers love our current proposition as it gives them instant, accurate quotations together with all the supporting information they need immediately at the point of sale, including printing the lender’s documents and application form to provide to their clients. The new addition to the service saves them time and filters out instant rejects allowing them to give indicative quotes having only asked a few questions”.

Walker adds: “With so many mortgage lenders withdrawing products from the market, forward thinking mortgage brokers are looking at ways to maximise their income. Secured loans, unsecured loans and debt management are a fundamental part of this which is why we facilitate all of these products through Promise Quote. However, it is clear that a greater number of brokers are resolutely sticking to their core proposition and consequently finding it more difficult to justify the cost of lead acquisition. It is vital for brokers to make every lead count and maximise the income they generate by leveraging the expertise of others. Our marketplace has changed and is not set to improve in the short term. Brokers need to look at their businesses differently, be open to change, be decisive and take action. Whilst many may fear involvement in the secured loans, unsecured loans and debt management sector due to lack of expertise, a relationship with the right partner and the right technology could transform their perceptions within hours.”

Recommended

Most readers fear lenders will abandon brokers

Some 68% of Mortgage Strategy Online’s readers think that lenders will start to cut brokers out of their mortgage business.Just 32% think lenders will retain brokers as part of their strategies.This week, Mortgage Strategy asks: “Do you think any UK lenders with US parent companies will be around this time next year?”Q: Do you think […]

PMPA to boost member due diligence

The Professional Mortgage Packagers Alliance has revealed it will enhance its due diligence to instil confidence in brokers.

Don’t hold your breath for fresh liquidity

At the Council of Mortgage Lenders’ recent annual lunch, Steven Crawshaw, chairman of the CML, asked the rhetorical question – what interventions by the tripartite authority, in collaboration with the mortgage industry, could help rather than hinder the market?

10 September thumbnail

Johnson Fleming set to hold auto-enrolment support webinar

Two years since the process of auto-enrolment began, the looming re-enrolment deadline provides the perfect opportunity to assess whether the support you have in place, which may well have been hastily selected at the start, is fit for purpose. Johnson Fleming is holding a webinar on 10 September at 11:00 to discover the key issues and concerns you should consider when thinking about your current support options.

Newsletter

News and expert analysis straight to your inbox

Sign up