Y3S unveils secured loan sourcing tool

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Y3S Loans has launched miLoan, a new online sourcing tool for brokers that identifies whether a prospective client is suitable for a secured loan, at what rate and with which lender.

The firm says the commission it will pay the broker is displayed in the loan results table alongside the lender’s details.

The new system is available on the company’s website for use by all brokers to obtain quotes without having to register, login or reveal their clients personal details.

Y3S group director Matt Cottle said: “We are constantly improving our services to brokers and miLoan allows them to quickly measure up a secured loan versus a remortgage

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