Target Group is to supply its Bluechip Broker system to Specialist Financial Services, a broker packager of second charge, bridging and commercial finance.
Specialist Financial Solutions will use Target’s system which includes processing automation, smart documentation and a comprehensive suite of reports.
As a result of the deal, the Specialist Finance Solutions team will be able to quickly access all applications related to an introducer. Introducers will also be able to keep track of submitted applications via an online case tracker, which means they can view the product details and any outstanding information required from the borrower.
Tony Sutton, managing director at Specialist Financial Services, said: “From the outset we were looking for a technology partner that would assist us in our growth plans. By selecting Bluechip we can be better connected to our introducers by improving application processing across our business and assisting us to improve the already high service levels we provide to our extensive networks.
“Our introducers expect a cutting-edge tech offering and as a result of this deal will now be able to access information on applications submitted at their convenience, at any time of the day.”
Ian Larkin, co-group CEO at Target Group, said: “We are delighted to be working with the team at Specialist Financial Services. Tony has a wealth of experience in specialist lending with over 30 years in the industry and as such we are pleased that he recognised the advantages that our product brings to their offering.
“Our system will allow them to manage their business more efficiently and easily whilst further developing the relationship between themselves and their network of introducers. The flexibility and scalability of our solution will also meet the company’s growth needs as it continues to expand in the years ahead.”