miLoan quickly identifies whether a prospective client is suitable for a secured loan, at what rate and with which lender.
The commission that Y3S will pay the broker is clearly displayed in the loan results table alongside the lenders details. The new system is available on the company’s website for use by all brokers to obtain quotes without having to register, login or reveal their clients personal details. If they like what they see, they can select the quote and submit it for processing.
Group Director Matt Cottle comments:
“We are constantly improving our services to brokers and miLoan allows them to quickly measure up a secured loan versus a remortgage, which is vital for TCF - every broker should use it”
“miLoan and other Y3S innovations come about as a result of speaking to more than 2000 brokers a week and acting upon their suggestions; we’re giving brokers what they ask for.”
All brokers who use the miLoan sourcing tool will be paid 45% of the net commission that Y3S earns from its lenders, paid by BACS on the day of completion without any claw back.
