Launched in July, the system has proved to be a runaway success with 100% of deals now sourced via this channel as brokers embrace the technology and offer a robust secured loans solution. BDS has also seen a 40% increase in new broker registrations since the system was introduced, a clear indication that there is a healthy appetite in this area.
The sourcing system is provided by Promise Solutions and is a bespoke version of its Promise Quote offering. It allows brokers to source their own secured loans based on criteria and submit applications directly into the BDS processing system. BDS Secured Loans will then undertake the necessary credit checks and confirm when the requested deal is available. In addition, the system provides direct links to double-check valuations and the ability to provide quotes to clients within seconds.
