This new technology is building on its recently launched online case tracking facility.
If the case is FSA regulated, brokers can create a KFI on Link's site, or if not, create a unique Link Lending Illustration (LLI) giving equivalent levels of disclosure to customers.
The online Decision in Principle (DIP) is available for straightforward cases, with only the more complex cases being referred back to underwriting staff for a decision. If referred, there is a commitment by Link Lending to phone the broker back within three working hours with a decision.
Brokers only have to key customer information once, which is then transported and used in the production of KFIs, LLIs, DIPs and offers.
John Maclean, managing director of Link Lending Limited, “We believe that our automated DIP and disclosure documentation, combined with online case tracking, are unique among UK bridging lenders and we are delighted to be first in the marketplace with this combination of IT solutions.
“Link Lending relaunched into the market offering unique features such as rates from +0.75 per cent, a daily interest guarantee, market leading LTVs and no minimum loan terms or exit fees, and with a determination to evolve the short term funding market in terms of fairness and transparency and to raise standards. Our new, fully transparent disclosure documentation reaffirms this commitment, with full illustrations now available for brokers to provide an unrivalled degree of clarity in every case and no hidden terms or charges.”
