Solent Mortgage Services (SMS) has embarked upon an exclusive joint venture to market the services of bridging provider Capital Advances.
The distributor claims the service being offered to intermediaries and introducers to it is a “whole of market bridging solution”, providing brokers with an end to end sourcing, processing and fulfilment system.
“With concerns over remaining compliant as well as providing competitive and appropriate alternatives for clients, our new product placement, AIP, application and processing systems will now allow brokers to input data and receive initial underwriting of any case,” said Ian Balfour, CEO at SMS.
“It has data feed into AIPs and lender applications with no need for rekeying. The system calculates interest to the penny, audits the input to show regulated and non-regulated cases, compares products, shows the best rate available from the market and gives compliance a remote external audit for all cases.
“This will be of particular interest to networks because it provides a full audit trail from the start of the process and ensures that networks and their ARs are fully compliant and protected from retrospective claims and oversight.”