Payable on completion, the bonus will help packagers towards a range of processing costs.
John Webster, chief executive of Swift Group commented: “Good packaging provides a raft of benefits to lenders which is sometimes forgotten, but often means the intermediary has to pay the cost of obtaining the necessary documentation. We would rather encourage the completion of a full and accurate pack than punish poor packaging. By launching this £100 bonus, we’re sending a firm message to our customers and the market that Swift believes quality of packaging is important and we’re prepared to help intermediaries achieve this.”
Kevin Cresswell, of Loan of Choice Finance, said: “In Swift we have a lender who seems to genuinely understand the value and effort that is generated by properly packaged cases. We work hard to ensure that cases are presented to lenders in the most complete format available in order to make the process as slick as possible to provide the best service for our clients. This bonus shows us that Swift appreciates this effort and the payment encourages all firms to maintain the highest possible level of packaging.”
