The distributor has partnered with bridging specialist Capital Advances to launch the service which offers product placement, AIP, application and processing capabilities.

The tool will also allow Paradigm’s brokers to input records and receive initial underwriting for each of their cases as well as providing a remote compliance report.

Bob Hunt, chief executive of Paradigm Mortgage Services, said that the bridging sector was a growing sector of interest for brokers and the new system could help maximise sales in the area.

“The bridging market has gone from strength to strength in the last couple of years, with many new entrants and an array of propositions.

“Being able to give our members access to such a comprehensive sourcing system that will help them take advantage of this burgeoning sector is a significant development.

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“One thing that has prevented some intermediaries from diversifying into bridging loans before now is uncertainty surrounding regulatory and compliance issues, and with such a range of proposition features available this sourcing system will help ease the compliance burden, providing a full audit trail from the start of the process.

“Before it was difficult for brokers to make sense of confusing interest calculations from some bridging lenders, but this system allows them to navigate the sector with confidence.”