The Lending Channel, the secured loan packager formerly known as Blimey Loans, has chosen LoanSource from Twenty7Tec, as its preferred secured loan sourcing platform.

LoanSource can be accessed on any device, including mobile phones and tablets, and provides users with an MCD compliant audit trail of advice.

In addition to using LoanSource internally, The Lending Channel will also be providing access to LoanSource to its introducer firms and advisers, enabling them to source secured loan products available from The Lending Channel, prior to submitting the case.

James Tucker, managing director of Twenty7Tec, said: “The Lending Channel have a proven track record in the secured loan market, and we are delighted that they have chosen to adopt our technology, both internally and for their introducer intermediaries.”

Alistair Ewing, director of The Lending Channel, added: “We spent a great deal of time looking at what else was available on the market and after thoroughly testing Twenty7Tec’s LoanSource platform, we decided that it offered exactly what we needed.

“LoanSource gives us a high degree of efficiency and compliance which will allow us to continue delivering a quality proposition to our introducers.”