An online bridging loan sourcing and quotation tool is to be launched this month following a period of live tests by a panel of selected brokers.
The miLoan bridging module is Y3S’s latest innovation and will be an integral part of the company's online sourcing system miLoanbroker, which provides mainstream brokers with access to specialist finance products.
Generated applications will be submitted to a bridging loan specialist at Y3S Bridging & Commercial who will take control of the process. Users will be able to access live case-tracking and case notes, which will be updated at each stage via SMS and email.
“Our 2,500 users will have instant access to the new module as soon as it goes live in a couple of weeks” said project director Matt Cottle.
“The bridging loan market can be very confusing.
“miLoan will let users view and compare product information, fees, rates, payments and commissions in a user-friendly format for the first time.
“This system is a powerful tool that is free to use and gives more control to brokers.”
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