Specialist packager Positive Lending has unveiled 360 Sourcing, which offers intermediaries a secured loan sourcing platform.
Intermediaries now have the power to search the secured loan market instantly from a single data entry, save research, download a Key Information Document (KID), utilise FeeFlex to adjust broker fee by a tolerance of plus or minus 20% and gain detailed product information for each lender plan.
Chris Fairfax, managing director of Bournemouth based Positive Lending, said: “We are delighted with the initial response from our brokers who increasingly need a reliable platform to source secured loans and evidence research. We believe this system delivers exceptional functionality in a user friendly format and brokers will find great value is becoming a user.
“The team here are already working on adding bridging loan sourcing and in the future, as the 360 name suggests, the platform will offer reliable sourcing for all sectors of specialist property finance.”
Darrell Walker, head of product and new business at Prestige Finance, added: “The launch of 360 Sourcing is not only a significant step for Positive Lending it is also a real positive for the secured loans industry in general. As we move towards a changing regulatory landscape technology will play an important role when supporting advisers in helping to evidence the relevant research and best advice for customers.
“Prestige Finance has a fantastic working relationship with the team at Positive and this move will further enhance their reputation and proposition.”