Promise service to recycle declined loans

This latest innovation means Promise’s introducers can build up a valuable bank of clients, who although may be declined now, can be presented back to the introducing broker when a product becomes available. As the market improves, lenders’ criteria relaxes or new lenders appear, Promise state that this unique and innovative facility could be worth thousands of pounds to every broker introducing loan enquiries direct to Promise using its Promise Quote Loan Sourcing and Sales technology.

Steve Walker, Managing Director, commented “For sometime we’ve had the ability to underwrite large data files through Promise Quote and identify available loan plans for each record. By providing this facility to our introducers free of charge we can put them in the best possible position for when the market turns. When, in months to come, our introducers receive a list of previously declined customers together with details of the products available, there is little doubt they will be glad they chose Promise for their secured loan needs during the previous months.”

Walker added, “Promise is in a unique position. As well as being the leading Secured Loan Master Broker, we also have developed our own technology, which is recognised as the best in the industry and allows us to bring additional benefits to our introducers which others simply cannot match. We want to take every opportunity to help our introducers to maximise their income whilst confidently and professionally adding additional products and services to their client offering.”

Promise will shortly be providing additional facilities to brokers who are dealing with estate agents, are involved in buy to let mortgages or wish to ensure they can offer a complete service to their clients by bringing together their secured loans, unsecured loans, debt solutions, home information packs, energy performance certificates, conveyancing and inventory services into one portal. This service will be available to individual intermediaries or can be white labelled for corporate partners.