Member Article

Clever Lending launch new broker sourcing system

Clever Lending, the master broker, has launched ‘Clever Sourcing’ - their new second charge sourcing system for brokers, in association with finance software specialists Twenty7Tec.

The launch of Clever Sourcing builds on Clever’s commitment to brokers and lenders to help them find the most appropriate second charge product for clients.

Clever Sourcing will immediately allow brokers to get accurate, quick product quotes for their clients. Crucially, it provides for second charge and remortgage comparisons which is ideal to support the new MCD regulation recently introduced.

Key highlights of the new Clever Sourcing system are:

• Delivers the ability to source for a remortgage and a second charge mortgage and compare between the two

• Can source from hundreds of products and get a quote instantly

• Will provide a clear and compliant audit trail

• Brokers can simply register and gain access to the system to source a product

• It saves time and helps identify more opportunities

Clever Lending is committed to working closely with lenders and brokers during this period of heightened awareness of second charges and the new system is an exciting addition to their service offering - backed by a team of expert underwriters who are on hand to assist with any specific case enquiries brokers have.

Sam Kirtikar, Managing Director at Clever Lending, commented: “I am delighted that Clever Sourcing is in the market place. Keeping pace with the industry is key in our support to advisors and Twenty7Tec provided a solid foundation to continue this.

“Clever Sourcing is not designed to be a substitute for advisor knowledge or experience, but designed to assist in identifying a range of opportunities that are suitable for their clients’ circumstances. We foresee this being an excellent tool for advisors, ensuring that 2nd charges can be accurately recognised alongside 1st charge, covering off FCA requirements, providing a compliant audit trail and giving the client the options they are entitled to. The system will provide clarity and clear reporting and we will continuously look to develop it further to ensure advisors, managers, clubs or networks are getting the most they can out of it.”

James Tucker, Managing Director at Twenty7Tec, said: “We were delighted to support the delivery of the sourcing system for Clever Lending. It’s an easy to use interface and advisors will benefit from having so much useful information at their fingertips. They have a unique brand proposition in the secured loans market and we look forward to developing the system further as market changes require.”

This was posted in Bdaily's Members' News section by Ron Bell .