Promise launch automated underwriting solution

Promise Finance has launched Promise Solutions Network, an underwriting solution specifically aimed at the mortgage intermediary market.

It features Promise Quote, an automated online underwriting system with integrated credit search.

Steve Walker, managing director at Promise Finance, says: “Whilst there are many other features and benefits yet to be added, we’re introducing this service to the market earlier than we initially intended as a result of demand from existing and new brokers who have seen our technology and want to take advantage of it straight away.

“The underwriting engine is hugely powerful and stands up as a fantastic proposition in its own right.

“We will add the other bells and whistles in due course.”

“Not every intermediary will want to accurately source secured loans.

“Therefore we will shortly build in a simple secured loan or mortgage referral process whereby Promise will do all of the work from initiating contact with the customer, via our contact centre, right through to completion”.