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Volumes double for Pink DIPS
21 May, 2008
The number of monthly DIPs submitted for secured loans, via Pink Home Loans, has doubled since its online facility was launched in June 2007.
In association with Colonial Secured Loans, Pink’s AR and DA customers and their clients can benefit from an upfront decision in principal facility which searches a panel of nine secured loan lenders for clients who either have difficulty in obtaining a loan from a traditional ‘High Street’ provider, or prime customers who are looking for additional funding.
Neil Hoare, associate director of marketing & IT, commented: “It’s great to see brokers using all the tools available to find their clients the most suitable product available. Due to the current mortgage market climate, intermediaries are focusing on alternative ways of generating income and secured loans have become a real asset in the intermediary market.”