Aldermore has unveiled a new digital tool to accelerate proposal amendments for asset finance brokers, which it claims replaces a time-consuming manual process with a near-instant decisioning system.
The enhancement, now live on Aldermore’s Asset Backer broker portal, allows brokers to make post-sanction changes to proposals with a single click, triggering a re-approval decision in under 10 seconds.
The development is a direct response to the high proportion of deals – around 20% – that require amending after an initial decision, the lender said.
Previously, brokers seeking to adjust a proposal after sanction were required to navigate a cumbersome email-based process. This often involved long wait times, manual intervention and a lack of visibility on progress – a particular frustration in time-sensitive deals.
The new automated solution routes amended proposals through Aldermore’s upgraded decisioning engine, providing a much clearer and faster path to re-approval.
Lee Rhodes, commercial director for asset finance at Aldermore, said: “We know that circumstances often change post-decision and with nearly a fifth of proposals requiring amendment to sanction, it’s essential that we give brokers the tools to respond quickly and confidently.
“Our new digital proposal feature replaces a manual, time-consuming process – enabling one click changes and re-approval decisions to be made in just a few seconds.
“This makes the journey much simpler and allows brokers to move at the speed their clients need.”
