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Fluent Money increases loan completions by 50%
Collaboration in the second charge market helped Fluent Money to increase loan completions by 50% in March, compared to 2015.
Chief Operating Officer, Tim Wheeldon, who helped shape the industry’s approach to the Mortgage Credit Directive by setting up the Secured Loans Forum, said the seconds market was now in a strong position to drive forward.
Tim said: “Apart from a few hiccoughs as everyone came to terms with the administrative changes, particularly over the new ESIS document, I am delighted to say that thanks to all the hard work and real collaboration across the industry, the second charge market is in a strong position to consolidate and push on to make the most of the opportunities presented by the level playing field that second and first charge markets now inhabit.”
Last month, Fluent announced a “significant” new investment from Beech Tree Private Equity.
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