The portal, called Acumen, fast tracks straightforward commercial loan applications.
Rob Lankey, managing director of Aldermore Commercial Mortgages, said: “When a broker submits an enquiry online, Acumen automatically initiates a credit search, checks the applicant’s ID, serviceability and industry sector checks.
“Assuming everything is in order, it then prices the loan and produces a heads of terms document. This is not a worthless illustration; it will enable applicants to proceed with confidence to the full application stage.”
Lankey added that help is on hand for brokers submitting complex commercial mortgage cases which may not be suitable for submission online.
He said: “Acumen is ideally suited to processing straightforward day-to-day commercial mortgage enquiries.
“We do appreciate that commercial mortgage cases can be very complex and may not be suitable for submission online. In these instances, applications can be submitted in the same way they are today and they will be overseen by an experienced lending manager who will take responsibility for their progress through to completion.
“On straightforward deals, Acumen empowers brokers to obtain their own decisioned heads of terms, 24/7, without requiring the immediate involvement of an Aldermore lending manager, if it’s not necessary.”
