Finova has announced the delivery of a new upgraded application and processing platform built for brokers for Castle Trust Bank.

The platform, PULSE, has been built with the cloud-based mortgage and savings software provider’s origination platform, Finova Lending.

PULSE is designed to give brokers the ability to obtain multiple quotes on the same case, as well as instant pricing, terms and credit-backed decision in principle decisions.

The API-driven cloud-first SaaS banking origination platform allows Castle Trust Bank to troubleshoot issues in-house, offering self-sufficiency, flexibility and faster response times.

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

Chief operating officer at Finova, Richard Marsh, said: "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."

Commercial director at Castle Trust Bank, Anna Lewis, added: "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."

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