Intermediaries looking to place a short-term loan will now have direct access to underwriters with Mint Bridging.
The company says it has updated its sales and underwriting process to ensure the underwriter is the single point of enquiry for its intermediary partners, and will then oversee applications through to the drawdown of funds.
The company says this new streamlined process should speed up the process and lead to better lending decisions. It adds that these changes will also ensure that Mint’s head of sales Sinead Moynihan will be able to focus more on building relationships with intermediaries and brokers.
Mint says this change was the result of feedback from the intermediary market.
Moynihan says: “With most lenders intermediaries are dealing with multiple people working on a single case, leading to wasted time and effort, and decisions which are not necessarily joined up.”
Mint says its eight mandated underwriters will now act as a relationship manager with intermediaries. It says this is the first of a number of changes it is making to structure, product and processes, with further announcements expected soon.
Mint provides bridging, development and refurbishment loans as well as auction finance, re-bridging and commercial loans.