Personal Touch Financial Services has praised Promise Finance for its online secured loans service.
The service provided by Promise Finance allows intermediaries to source a secured loan online using an integrated credit search as part of the decision making process plus a full back office processing and fulfillment service.
Steve Walker, managing director of Promise Finance, says: The first applications we received have completed within five days and six days respectively, earning one introducer over 2,500 on a single deal.
If this is a sign of things to come, were absolutely delighted.
Promise aims to give an accurate in principle decision instantly and issue a lenders loan agreement to the borrower on the same day.
The credit search is a key element of the proposition. Any decision in principle made without the use of the credit search creates significant inaccuracies, uncertainty for the client and is not reflective of the professional approach brokers wish to project.
Dev Malle, director of mortgage distribution at Personal Touch Financial Services, says: Secured loans will undoubtedly become an integral part of the intermediary offering in the future.
Our tie up with Promise makes it very easy for the intermediary and allows them to stay in control of the sales process.
All mortgage intermediarys should have a closer look and take advantage of this additional income stream and the clear opportunity to offer their client a more complete range of products.