Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Pitch Black Technology Joins BDLA as Associate Member
Pitch Black Technology Limited has joined the Bridging & Development Lenders Association (BDLA) as an associate member. The firm develops software for finance firms, brokers and lenders.
Its product range includes enquiry management tools, lender sourcing and communication tools, as well as white-labelled customer portals. The company says its focus is on reducing avoidable administration and making it easier for brokers, lenders and borrowers to exchange information, without losing the human contact it describes as vital in specialist finance.
What the BDLA says
BDLA chief executive Adam Tyler described Pitch Black Technology as a valuable addition to the association's associate membership. He noted that the firm's work covers several points where clear information can have a direct effect on speed and service, from the first enquiry and lender sourcing through to communication between brokers, lenders and borrowers.
Tyler also confirmed that Pitch Black Technology is helping the BDLA to build its own CRM system. He said good technology should be developed by people who understand the market and support the judgement and relationships that matter in specialist finance, adding that the BDLA looks forward to the firm's input as it considers how systems can help the market work more clearly and efficiently.
What the firm says
Pitch Black Technology founder Miranda Khadr said the company builds software around the everyday needs of finance businesses and the people they serve. Joining the BDLA, she said, will give the firm closer contact with firms operating across bridging and development finance and a better understanding of the issues they want technology to address.
Khadr added that the firm looks forward to playing an active part in the Association.
Why it matters for the property sector
While Pitch Black Technology's products are aimed at finance firms, brokers and lenders in bridging and development finance, the move signals continued investment in technology designed to speed up enquiries, lender sourcing and communication across the specialist finance market. Those areas sit upstream of the lettings and property services ecosystem that UK letting agents and inventory clerks operate in.
Source: Mortgage Strategy