Aldermore has launched a digitised proposal amendment process, via its Asset Backer broker portal. This enhancement provides brokers with a simple, one click route to a rapid decision on proposals that are amended after sanction. This enhancement comes as up to one in five applications change after the initial decision.
Historically, a process that could take up to half a day, reliant on emails, delayed by mailbox wait times and caused uncertainty around progress and timelines has now been transformed to a simple, self-serve process that pushes applications to Aldermore’s expanded automated decision system, providing such decisions in less than 10 seconds and enabling brokers to secure the deal.
Lee Rhodes, Commercial Director for Asset Finance at Aldermore comments:
“We know that circumstances often change post-decision and with nearly a fifth of proposals requiring amendment to sanction, it's essential that we give brokers the tools to respond quickly and confidently. Our new digital proposal feature replaces a manual, time-consuming process - enabling one click changes and re-approval decisions to be made in just a few seconds. This makes the journey much simpler and allows brokers to move at the speed their clients need.”
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