Promise Solutions has introduced a new version of its secured loan sourcing portal, claiming faster and more accurate sourcing.

The system supports 18 active secured lenders and is free to introducers.

It also provides unsecured quotes, DIPs and applications direct to the Lender.

“I urge brokers to try the demo version on our website,” said Steve Walker, managing director at Promise.

“Brokers often only want a ball park idea of what is possible to start with and the new system provides this instantly. But for those interested in accuracy and detail, brokers have the option to continue adding information which in turn increases accuracy when the quotation is refreshed. The level of detail and underwriting goes far beyond other loan sourcing systems but the process has been streamlined to make everything easier for brokers.

“That said, if they wish, brokers can print lender agreements, compliance and research records and view reasons why loans are declined. All of this supports a TCF approach to offering loans

“Some brokers are nervous of technology in case it declines a marginal case. Our system has been built by our underwriters specifically to help spot marginal cases. There are hundreds of referral rules in place plus guides to suggest upsells, downsells and alternative loan terms. Brokers can also instantly compare the terms of each loan including the repayments, fees, total repayable and early redemption examples.

“Through our ‘At your side’ technology Promise underwriters can view, amend and advise on individual enquiries to help brokers find the right solutions for their clients and illustrate alternative products for consideration.”