Finance products

Pitch 4 Finance and LendInvest enhance product offerings



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Pitch 4 Finance and LendInvest have announced enhancements to their offerings.

Pitch 4 Finance

Pitch 4 Finance has launched a limited period offer for new brokers that register to use the platform ahead of its official launch next month.

Every new broker that registers will be entitled to three free months — they will keep the entire proc fee from the lender on all cases they submit within the first three months from launch.

After the limited period offer ends, Pitch 4 Finance will take a small share of the proc fee on cases completed through the system.

The platform is currently in the final stages of beta testing and is due to launch in April.

It instantly matches cases with lenders based on criteria and enables lenders to pitch for cases by offering terms through the system. 

The whole research and application process can be carried out within the platform, providing brokers with a record of all written correspondence with lenders and a full compliance audit trail, as well as real-time application updates.

The technology platform is also supported by a help desk, with brokers on hand to assist intermediaries with the research or application process with live chat functionality. 

Pitch 4 Finance also chases lenders for responses on behalf of brokers.

Miranda Khadr, founder of Pitch 4 Finance, said: “Technology is the only way forward for the specialist lending industry to grow, deliver better customer outcomes and become more compliant. 

“However, this is a complex market that no existing technology solution adequately caters for,” she claimed.

“We have created Pitch 4 Finance to tackle this head-on — it’s not a revolution of the market, but an evolution that enables intermediaries to use technology to their advantage to save time and ensure that they are generating the best customer outcomes.”

LendInvest

LendInvest has introduced Jumio’s biometric-based technology into its digital system to further streamline the application process for its BTL product.

Thanks to the fintech enhancement, LendInvest’s BTL applicants can confirm their identity online instead of in person by uploading a photo of their ID document and taking a selfie using their smartphone.

The integration also offers a proof-of-residency check, which further speeds up the application process. 

The partnership aims to make the application process easier and faster for both brokers and their clients.

Arman Tahmassebi, chief operating officer at LendInvest, said: “The last year has highlighted even more clearly how paper-based processes are no longer fit for purpose and a digitisation of the mortgage process is the most efficient move for our brokers and borrowers.” 

Dean Hickman-Smith, chief revenue officer at Jumio, added: “We are delighted to be working with LendInvest to help it confidently onboard new users remotely and to reduce friction from the mortgage application process while meeting onerous KYC requirements.”

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