miLoan sourcing system registers 5000 brokers
By Bridging Loan Directory -
South Wales packager Y3S says that it has reached a landmark in the history of its popular sourcing system miloanbroker.com following the registration of its 5000th user this week. The system was developed and launched by the packager in 2011 to help mortgage brokers and IFA’s get transparent access to secured and bridging loan deals for their clients.
Reflecting the growing trend of the industry, 1000 brokers a month now log into their miLoan account to compare loan quotes with remortgages,. Quotations are often sought for clients who want to raise money but are on a low standard variable rate mortgage or an interest-only deal which they would lose if they were to move lender.
“Over 5000 users are voting with clicks, confirming that the miLoan sourcing system is an established part of the modern broker’s armoury”, said director Matt Cottle. “Brokers want to compare personalised, transparent loan quotes instantly. They have long since tired of wasting hours making calls to broker’s offices to compare a deal, which often only lead to further confusion.”
Together with our experienced team of 35 underwriters, processors, developers and document couriers, Y3S combines the industry’s best people, processes and technology to deliver a superior secured loan packaging service for intermediaries.”