A trio of second charge players have joined forces to launch a new broker portal, www.smartmoneysourcing.co.uk. 

It aims to deliver an end to end secured loan origination and packaging solution to reduce processing times. Parties involved in the project are Target Group, with its loan processing platform Bluechip; Twenty7Tec, the second charge product sourcing provider, and master broker Smart Money.

To help improve processing efficiencies Smart money commissioned Target to deliver a new web portal solution. Target’s new Broker Portal communicates in real time with its Bluechip loan processing platform. Introducing brokers will be able to register and submit applications to Smart Money securely via the portal.

Standard features include online case tracking, along with the ability to upload requested documentation to the portal and view case update notes left by Smart Money processing staff.

Target has once again partnered with Twenty7Tec, utilising its secured loan sourcing engine, LoanSource, which has been integrated into the Broker Portal, in addition to the existing Target Bluechip platform integration. This will allow Smart Money’s introducing brokers to source products before submitting an application.

Paul Crewe, managing director at Smart Money, said: “We were keen to investigate how we could enhance our systems in order to provide the best service to our customers. In building on our existing relationship with Target, we have been able to streamline our end to end process and benefit from the efficiencies that Target Bluechip and the Broker Portal provides.

“Our customers now have 24/7 access to source products, submit applications, view updates from us on existing applications, and upload requested documentation for our processing teams to review. ”

Jeremy Edwards, chief client officer at Target Group, said: “We are delighted that Smart Money has chosen Target to supply our new web based Broker Portal. It will allow Smart Money to manage their business more efficiently, enhancing the excellent service already provided by Paul Crewe and his team.

“The combination of the Broker Portal and our Target Bluechip loan processing platform is a compelling end to end solution that Paul recognised would benefit his organisation greatly.”

“We are delighted that our LoanSource system is now integrated with the Target Broker Portal in addition to the previous back office integration with the Target Bluechip platform,” added James Tucker, managing director at Twenty7Tec.

“We look forward to providing our continued support to Target and its clients.”