Intermediaries simply log on to the Optoma website and complete the generic form online. The Options Placing Desk then credit searches and checks against criteria of adverse panel lenders, listing a choice of lenders and potential schemes online for the broker to choose from.
In most cases, the Options Placing Desk will list a choice of lenders online within 24 hrs.
Processing Director, Harpal Singh says ‘This service provides our brokers with much needed solutions to the many difficulties often encountered with sub prime lending. Not only do we credit search and find the best products and lenders for the client, we will package it to offer as well.’
The Placing Desk currently receives on average 100 AIP’s in a week with a 40% conversion from AIP to Application.
Optoma hopes to further develop its Sub Prime Lending Solutions by running a Sub Prime Roadshow in the near future.
