Financial technology software provider Equiniti Pancredit has launched ‘Broker Client’, an automated secured loan sourcing product for large brokers.

According to Equiniti Pancredit, the product aims to improve and streamline paper-based loan application processes.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Broker Client automates a number of manual underwriting processes and compares an applicant’s lending profile to a firm’s entire portfolio of available loans.

"Delivered as a cloud-based service, Broker Client enables brokers to filter client profiles and quickly identify cases where intervention is likely to be needed, enhancing their resource allocation decision making," the company added.

The system also produces a set of notes against each lender rejection.

The product, acting as a filtering tool, begins with an identity check or ‘pre-search’ based on the broker’s predefined criteria. Then, based on the results, it performs a more thorough public search sourcing the applicant’s credit history – e.g County Court Judgements (CCJs) – or any existing debt and claims of bankruptcy. During the final stage, Broker Client uses this profile to determine which secured loan products the applicant would qualify for, according to specific criteria of each product and lender.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Graham Donald, managing director of Equiniti Pancredit said: "With this technology the entire underwriting process can take place in a matter of minutes, instead of hours or even days. Automating the application process for ‘black and white’ cases will free up underwriters’ time to focus their efforts on less straightforward applications."