BEP Systems launches new second charge origination system with Equifinance

By Bridging Loan Directory 22nd August 2019

BEP Systems, the mortgage origination software house, has successfully launched a new second charge origination system with Equifinance.

Feedback from Equifinance on the new system has been very favourable with cases taking at least an hour less to process and new product development and launch made much easier and quicker. Brokers too have been positive in their praise of the system and how much time it is saving as well as finding it very easy to use with an intuitive interface.

The second charge lender will continue to use the new system to help make their businesses more efficient at a time of growth and be able to better serve the needs of customers, who are not always catered for by mainstream lenders.

BEP Systems has delivered full integration of current mortgage technology using their customisable Apprivo2 platform providing scope for Equifinance to grow their future business and streamline the second charge application and underwriting process.

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. 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.”

Chris Little, pictured, managing director of BEP Systems, said:

“I’m delighted to be working with a client who is FCA regulated and using Apprivo2 to give them a competitive edge in the dynamic second charge market they operate in. Equifinance has already seen the benefits of using Apprivo2 for the strategic advantages that are being delivered to fit their business model.

“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.

”It’s a very exciting time in financial software and we believe Apprivo2 is the fastest growing system in the UK serving specialist lenders.”