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Home Loan HandbookAtom, a UK digital bank, has introduced a new tool designed to streamline the process of obtaining indicative quotes for secured business loans. This innovative tool allows brokers to self-assess and generate instant quotes within the portal before formally applying for a loan. The Quick Quote tool, integrated into Atom’s Portal broker gateway, caters to trading businesses and investment scenarios, enabling brokers to swiftly create commercial mortgage quotes with just a few clicks.
The launch of this tool follows Atom’s recent revamp of its standard secured business loan offerings earlier this year. The bank now provides a range of variable and fixed-rate loans, ranging from £2 million to £5 million, in addition to their existing RLS range. Paula Mercer, Head of Lending at Atom bank, emphasized the tool’s ability to offer near-instantaneous quotes round the clock, promising enhanced clarity and transparency for applicants seeking secured lending solutions.
Industry experts view this move as a strategic step towards simplifying and expediting the loan application process within the digital banking sphere. The integration of technology to provide real-time quotes aligns with the evolving demands of businesses seeking financial solutions in a fast-paced environment. By empowering brokers with the capability to swiftly assess loan options, Atom is catering to the growing need for efficiency and transparency in the lending industry.
Furthermore, the tool’s user-friendly interface and quick turnaround time for quotes are expected to enhance the overall customer experience, making it more convenient for businesses to explore loan options and make informed decisions. This development underscores Atom’s commitment to leveraging technology to drive innovation and improve accessibility to financial services for businesses of all sizes.
Atom’s foray into offering instant indicative loan quotes reflects a broader trend within the banking sector, where digitalization and automation are reshaping traditional lending practices. By providing brokers with a tool that simplifies the quoting process, Atom is setting a benchmark for customer-centric lending services, marking a shift towards more efficient and tech-driven solutions in the financial industry.
As businesses increasingly turn to digital platforms for financial services, the demand for streamlined processes and instant responses has become paramount. Atom’s Quick Quote tool addresses this need by enabling brokers to swiftly assess loan options and provide clients with indicative quotes promptly. This development not only enhances the efficiency of loan processing but also aligns with the broader industry trend towards digitization and customer-centric solutions.
In conclusion, Atom’s introduction of the Quick Quote tool signifies a significant step towards modernizing the loan-quoting process and enhancing transparency in the business lending sector. By offering instant indicative quotes through a user-friendly platform, Atom is poised to revolutionize the way brokers interact with clients and streamline the loan application journey, setting a new standard for digital banking services in the lending landscape.
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