Optoma Broker Solutions expects to receive its 5,000th sub prime approval in principal (AIP) within the next week. It will mark the occasion by presenting the intermediary who submits the application with a Sony Playstation PSP hand-held games console, courtesy of Platform, the intermediary lender of Britannia Building Society.
Optoma launched the online AIP service in January this year and it quickly proved popular with brokers. Once the intermediary completes a short form on the Optoma website (www.optomaonline.co.uk), Optoma’s underwriters respond with three solutions, from the company’s sub prime panel of nine lenders, including market leading exclusives with Platform, SPML & Kensington. Each solution will have been credit searched and underwritten, giving the intermediary the ability to confidently provide advice, based on accurate information.
Optoma’s operations director Harpal Singh said: “The online AIP is time saving and easy to use, but the real value is in the fact that we do the credit check and we manually underwrite each application, looking across all of the client’s details.
“We all know that clients’ needs vary and lenders’ offers will differ across a range of criteria. Generic solutions won’t work; but individually tailored ones will.”
