Finova and Castle Trust Bank Launch Upgraded Broker Portal With Finova Lending Origination Platform

Finova, the UK’s largest cloud-based mortgage and savings software provider, has announced the successful delivery of a new upgraded application and processing platform built for brokers for Castle Trust Bank.

PULSE, which stands for Providing Unbeatable Lending Service Every time, has been built with Finova’s origination platform, Finova Lending. It gives brokers the ability to obtain multiple and bespoke quotes on the same case, as well as instant pricing, terms and credit-backed DIP decisions.

Designed to meet the individual needs of lenders, Finova Lending is a fully API-driven “cloud-first” SaaS banking origination platform. It is unique in that it allows Castle Trust Bank to troubleshoot issues in-house, offering self-sufficiency, flexibility and faster response times. Finova Lending’s customisable interface enables Castle Trust Bank to add a range of modules to the tool as needed, offering even more flexibility in how the product is used and deployed in the future.

The new product will also allow Castle Trust Bank to handle higher application volumes, offer greater efficiencies for its lending, and provide its team with real-time business insights for better transparency.

Richard Marsh, Chief Operating Officer from Finova said: “We’re thrilled to continue our journey with Castle Trust Bank, a frontrunner in flexible lending solutions. Our award-winning customisable Finova Lending software is primed to support its lending offering and allow Castle Trust to continue its growth trajectory and maximise efficiencies. We have already seen great success with Castle Trust’s integration of our platforms and are confident that this new partnership will only strengthen our collaboration.

“We have built Finova Lending to improve speed to market, allowing lenders to scale their businesses and manage their own product changes quickly and independently. We’re proud to report that we already have 24 clients currently using this product.”

Anna Lewis, Commercial Director at Castle Trust Bank, said:“At Castle Trust Bank, we are continually striving for ways to enhance our award-winning bridging proposition, and the launch of PULSE is a big step forward in the experience we deliver for brokers. The new platform offers a slick user journey, only asking pertinent questions and enabling brokers to obtain multiple quotes on the same case. It also delivers instant pricing, immediate terms, and instant credit-backed DIP decisions.

“I really believe that the launch of PULSE, combined with our innovative product range, is going to be a game-changing moment for any brokers involved in bridging lending.”