Atelier transforms loan application process to speed up deals

Atelier has revamped its loan application process to make it faster and more streamlined.

The reimagined, more personalised service cuts the number of questions applicants have to answer by an average of 76%. 

The specialist lender’s new system allows registered brokers applying on behalf of a property developer to upload documents with the required information, instead of filling in a lengthy and repetitious application.   

It enables brokers to share essential details — from the scheme’s GDV to the cost schedule and exit strategy — their own way, by transferring the paperwork they have already agreed with the developer.

The application can be completed and signed in minutes by people in multiple locations once Atelier’s indicative terms have been accepted by the prospective borrower.

“We’re putting developers and their brokers in the driving seat, saving them time and effort and empowering them to give us the information we need in a format tailored to their specific scheme,” said Simon Dawson, head of technology at Atelier (pictured above).

“Our due diligence and KYC processes are as thorough as ever, and when a project isn’t right for us, we will give a prompt and polite no,” he added. 

Simon said developers applying for finance mostly need speed and certainty, and the development lender’s new application process is designed to provide both, once indicative terms are issued.

Peter MacAllan, founder of Development Capital Solutions, commented: “Atelier’s digital offering has cut out a lot of duplication and form-filling, making it easier to get even the most complicated deals moving quickly.

“Being able to upload documents and information all in one place, even when I’m on the move, gives me confidence that my deals are going to progress at pace and deliver the right outcome.”

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