Three firms launch second charge broker portal

The portal: www.smartmoneysourcing.co.uk, aims to deliver an end to end secured loan origination and packaging solution to reduce processing times.

The three providers are Target Group, with loan processing platform Bluechip, second charge product sourcing provider Twenty7Tec, and broker Smart Money.

Introducing brokers will be able to register and submit applications to Smart Money securely via the portal. It includes online case tracking, along with the ability to upload documentation to the portal and view case update notes left by processing staff.

Paul Crewe, managing director at Smart Money, said: “We have been able to streamline our end to end process. Our customers now have 24/7 access to source products, submit applications, view updates from us on existing applications, and upload requested documentation for our processing teams to review. ”