Through the partnership, Paradigm members will be able to use Freedom Finance’s ‘Freedom of Choice’ secured loan sourcing system.
The ‘Freedom of Choice’ system provides financial intermediaries with a choice, not only of the way in which they submit and manage secured loan applications, but also with a wide range of loans and associated insurance products.
Paradigm’s members can now access Freedom Finance’s secured lender panel plus its range of ongoing services and support including: instant access to indicative quotations online, online case tracking and e-mail updates, a dedicated Intermediary Support Desk and field-based BDMs.
Bob Hunt, chief executive of Paradigm Mortgage Services, commented: “We are delighted to be able to announce Freedom Finance as our preferred partner for secured lending. Many more intermediaries and advisers are turning on to the opportunities that exist in the secured lending sector and as Paradigm members they will be able to deal with the best loan broker in the UK and its cutting-edge system.
“Freedom offers top-class levels of service and support, and have a quality lender panel that Paradigm members will be able to access. Secured loans can also provide a potentially lucrative income stream for our members with Freedom providing commission earnings of up to 3 per cent. We look forward to a long and rewarding relationship with Freedom and feel sure our members will see the benefits of this preferred partner.”
Richard Beaumont, managing director of Freedom Finance, added: “We're delighted to be supporting Paradigm Mortgage Services by providing their members with access to our Freedom of Choice secured loan sourcing system. The system has been designed to be easy to use, comprehensive and fast.
“Having submitted a client's details, brokers are presented with a list of lenders willing to accept the application along with monthly repayment amounts, total amounts repayable and an APR for each lender. This is not a simple DIP system. It provides important information which enables brokers to determine if a mortgage or secured loan is most suitable for their client.
“This system represents a real breakthrough and, at long last, will give mortgage brokers access to the world of secured loans. We look forward to working with Paradigm Mortgage Services and its members in the months ahead."
