Second Charge Lending
Equifinance upgrades broker origination system
Equifinance has launched a new second charge origination system which it believes will speed up case processing and improve broker interaction.
The lender added that it should also make launching and developing products much easier and quicker.
It has worked with BEP Systems to build the system, using the Apprivo2 platform, which it has been testing with brokers.
Equifinance said broker feedback had been positive, with reports of saving time and being easy to use.
Tony Marshall, managing director of Equifinance, said: “With the growth we’ve seen in our business and the future plans we have, it was vital that we partnered with a software house that fully understands the niche lending concept and what is required to take that to market and launch new, innovative products.
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“BEP’s system has already made a positive impact on our speed of delivery and will help us to grow our lending and enhance efficiencies as we do so.”
BEP Systems managing director Chris Little said he was delighted to be working with the lender.
“The Apprivo2 system also provides them the ability to configure certain parts of the process themselves, for example when new application forms are needed and to handle new product launches which require a different set of data to be captured,” he added.