The Enquiry Process
Allows you to submit basic contact information for your customer and we will do the rest.
| 1 | Complete a short enquiry indicating if the customer would like to discuss PPI with Freedom Finance as part of their application. NB – consent to conduct a credit search on behalf of the customer must be obtained. |
| 2 | We will contact the customer to complete the application. |
| 3 | Searches and semi-automated underwriting are carried out on the application and passed to underwriting for final checks. |
| 4 | The application is passed to loan officer for an 'introductory sales call' based on information provided and an application pack is sent for signature (unless printed version has already been signed). ‘Day one’ call made and ‘day one’ letter sent with documentation Loan officer will complete demands and needs for Payment Protection Insurance sale if appropriate. A fee of between 0 and 10% of the loan amount may be charged, depending on credit history and ability to prove income. |
| 5 | Case packaged (Lender Questionnaire obtained from mortgage provider, valuation carried out and all documentation compiled). Full package sent to lender. |
| 6 | Loan completed and customer's funds are released. Commission payment made to broker by BACS. |
Click the links below to compare this application process with the Indicative Quotation and No PPI processes.
Option 1 - Indicative Quotation
To benefit from Freedom's straightforward and transparent processes for yourself click here to register with Freedom Finance today.
