Hampshire Trust Bank has launched a service on its asset finance web portal so its broker partners can automatically generate documentation.
The document generation (Doc Gen) software allows brokers to generate individual deal documents or several documents for approved proposals more efficiently compared to entering details manually. The service can also reduce any errors in documentation.
Doc Gen provides brokers with access to proposal documentation and enables them to edit and resubmit proposals for approval. Introducers can view and confirm they have met any underwriting conditions.
Vincenzo Scalzone, head of broker and asset finance, Hampshire Trust Bank, said: “[Doc Gen] is a significant enhancement to our web portal and will help our introducers to quickly and simply generate necessary deal documentation, ensuring they have more time to focus on growing their business.
“Our web portal works together with our app, meaning that whether brokers are working on a desktop computer or are out of the office on a mobile they can always calculate commission and customer payments.”
Hampshire Trust Bank (HTB)’s asset finance loan book grew 37.4% in 2017. Pre-tax profits were £9.9m for the year, up 125% from 2016. Appointed in March this year , Chief executive officer Matthew Wyles said: “The bank delivered a strong financial performance in 2017 with solid growth across the board.
Whilst obviously our business needs to grow further, we will continue to focus on ensuring that this growth is controlled and sustainable.”