The launch of iZone Secured comes alongside the announcement that the company has already won a key customer for the new system in the form of Access4Finance, the Rotherham based secured loan packager.
The software business has previously sold systems to intermediaries within the sector but this latest release is a significant update in readiness for the European Credit Directive early next year.
Scott Thorpe, Director at Access4Finance, said:
“The iZone Software is unlike anything we have seen to date in terms of the ease of use, it’s powerful sales features and all whilst ensuring a fully compliant process is followed. We have spent a long time comparing alternatives but are more than happy with the
new software package.
“The software has been designed and built by a company that understands the industry and the forthcoming regulations, this is a stark contrast to other providers. It is also refreshing that, whilst fully compliant, it has been built with sales and efficiency in mind throughout.”
Mel Vosoughi, Head of iZone Software, said:
“We are excited to get this product launched into the secured loan market, our mortgage and insurance processing software is also benefiting from some of the sales and compliance features in this new package so it’s also a big upgrade for existing users.
“Importantly, we have been able to factor in the ambitious growth plans for Access4Finance and ensure that their new software platform helps them achieve that growth. The fact that it is web based and white labelled, with network, broker and many other access levels, allows them to re-enforce their brand throughout the process.
“Lenders will also be able to benefit from this additional product and can offer it alongside remortgages and for buy to let as well as residential properties, something which may be of interest to many in advance of the new directives coming into force early next year.” This is another of the many examples of regulation driving technological innovation in the UK lending market."
