Avamore launches new development and bridging calculator

Avamore’s development and bridging calculator operates on the same model the internal team currently uses to manually generate terms. Building a route for brokers to input in directly allows them to adjust figures, create multiple options for the client and gives instant downloadable results, cutting out the time spent usually waiting for terms to be returned from a lender.

Further benefits include the option to download unbranded terms and detailed error information to guide user input for terms which Avamore will be able to progress.

Plans are already underway to build an end-to-end loan servicing platform which will, in turn, create broker and developer portals for deal and loan tracking.

In addition to investment in IT infrastructure, Avamore has recently made hires across all departments – including a rapid scale up in the internal sales team.

Sabinder Robinson-Sandhu, head of operations and marketing, commented: “This is a hugely exciting step for the Avamore team. We have discussed launching a calculator for some time but wanted to ensure that whatever we introduced to the market was completely accurate, user friendly and created a high quality user experience.

"Naturally, no tool can ever replace a lender to broker conversation but our aim with the calculator is to empower the broker to sense check the deal, secure the client’s interest and then collectively, we will be in a strong position to move the deal ahead as quickly as possible. We look forward to receiving more feedback from the market and later bringing to life changes planned for further down the track at Avamore.”