Specialist packager Positive Lending has revealed that its secured loan sourcing platform 360 Sourcing has originated in excess of £100 million since launch in April 2015.
360 Sourcing allows approved intermediaries access to second charge loan illustrations within two minutes, detailed product information, a number of filter options and the ability the control default broker fee by a tolerance of 20%.
The packager says the platform is currently being developed to enable accurate comparison between further advance, remortgage and secured loan for a defined term and provision of sourcing for bridging.
Chris Fairfax (pictured), managing director of Positive Lending, said: “Our introducers had a huge influence on the initial design of 360 and these further enhancements are being made as a consequence of listening to their further needs. Technology is going to revolutionise the way in which all types of mortgages are originated, captured, assessed and processed.
“Positive Lending will be at the forefront of these changes in specialist lending packaging and distribution.”
