Y3S expects its miLoan sourcing system to break through the 3,000 registered user barrier this week.

MiLoan was launched in July 2011 to give advisers free, personalised secured and bridging loan quotes.

Y3S says on average 300 new users have registered each month and the firm predicts more than half of all brokers will have a user account by summer 2013.

Matt Cottle , one of Y3S’s directors, said: “At the heart of miLoan is a powerful underwriting engine that is constantly updated