MCI Mortgage Club has announced a new partnership with Fluent Money in a move that will see the club offer its members a secured loan referral service.
The partnership is MCI’s first in the second charge market and will aim to give its members more choice of loan options for their clients.
Fluent Money has whole of market access through an extensive lending panel as well as access to exclusive products. The secured loan broker’s loan solutions include sourcing and case tracking systems for brokers and a Smart Phone app for clients.
Fluent’s technology also allows for electronic ID checking which avoids the need to send paper documents to prove identification.
“As technology is at the heart of MCI, it made perfect sense for us to partner with a technology focused secured loan provider as we take our first steps into the second charge sector,” commented MCI Mortgage Club head, Melanie Spencer.
“I personally believe there will be a greater demand for secured loans going forward, especially if people’s circumstances have changed because of the impact of COVID. A secured loan can often be a better option than remortgaging or taking a further advance on the first mortgage.”
Fluent Money head of intermediaries, Jeff Davidson, added: “We are thrilled to be partnering with MCI Mortgage Club, and very confident that we will be able to offer their members a choice of the best solutions, which will meet their borrowing requirements, particularly within the current climate.
“We firmly believe that our investment in technology, innovation, compliance and our people will be key to a successful relationship.”
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