Specialist lender announces new sourcing system

The sourcing system, which is set to go live in September, unveiled its website today with the opportunity for brokers to pre-register for more information and be kept up to date with progress.

The new sourcing system will involve 'groundbreaking technology' available exclusively for intermediaries using Brightstar.  Available for products across Brightstar’s four key divisions intermediaries will be able to search for specialist residential and buy-to-let, second charge loans, bridging loans and commercial finance.

Easysource will enable intermediaries to conduct a single search to instantly identify the most appropriate client solution with indicative products and rates.  Each case can then automatically proceed to a Decision in Principle.

Intermediaries will also be able to download a list of information they need to complete to progress the case. They will receive weekly updates on the case status so they can keep their clients updated every step of the way.  

Brightstar is also looking into a reward scheme for intermediaries linked to educational initiatives.

Rob Jupp, managing director of Brightstar says:

“This sourcing system will be a game changer in the UK specialist lending sector.  As the specialist market continues to expand in line with the changing needs of borrowers, the number of products is increasing almost weekly in every loan type from mortgages to second charges to commercial and bridging.  It is my opinion that without a platform like www.easysource.co.uk to display a whole range of client options, advice could be given to the detriment of the client.”