This £100 is in addition to the commission structure already in place and forms part of Promise's aggressive 2008 marketing strategy to highlight the benefits of Promise Quote and The Secured Loan Network.
Promise Quote is available to introducers looking for a secured loan sourcing and packaging solution. For established secured loan brokers the new technology is also available as a stand-alone offering called The Secured Loan Network to help them increase conversion rates and drive costs out of their process.
Benefits include:
- Instant and accurate point of sale underwriting and quoting
- Instant links to lender systems – enabling intermediaries to score applicants instantly where appropriate
- Product refining tools - including nearest alternative product, lenders performance comparisons, fixed/discounted/interest only filters, consolidation and credit search screen screens
- Compliance aids – full product disclosure including early settlement costs, fees, APR’s, insurance costs, commissions and broker checklists to aid disclosure of relevant information and help treat customers fairly
- PPI module – providing for each lender/insurer, accurate repayments, statement of price illustrations, eligibility screening, key features, benefits and exclusions and all information needed to support a complaint sale
- Unsecured Loan Module – if a secured loan is not available, an unsecured provider will be recommended
- Debt Management & IVA Module – after considering all existing borrowing and the credit search details, the system will guide users to an appropriate solution
- Online registration
