Broker Client automates many of today’s manual underwriting processes, enabling financial advisers at large brokerages and IFA networks to initiate greater numbers of secured loan applications. In just a few seconds, Broker Client can compare an applicant’s lending profile to their firm’s entire portfolio of available loans.
The client is matched the most appropriate and affordable product for their circumstances, the broker is able to eliminate costly and time consuming paperwork, and the lender receives higher quality loan applications, which are far more likely to be confirmed a result.
Delivered as a cloud-based service, Broker Client enables brokers to filter client profiles and quickly identify cases where intervention is likely to be needed, enhancing their resource allocation decision making.
The system also produces a set of notes against each lender rejection maintaining a clear and auditable application trail automatically.
Graham Donald, Managing Director of Equiniti Pancredit, commented:
“Broker Client helps everyone in the secured loan market make the best possible decisions. Our system enables secured loan brokers to validate the creditworthiness of their clients and match them with the best available products almost instantaneously.
“With this technology the entire underwriting process can take place in a matter of minutes, instead of hours or even days. Automating the application process for ‘black and white’ cases will free up underwriters’ time to focus their efforts on less straightforward applications.”
