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Pallas Capital, the non-bank specialising in commercial real estate transactions, has partnered with fintech provider CitoPlus to enable brokers to lodge loan applications, thereby reducing the administration burden of lodging loans and accelerating approval turnarounds.
According to Pallas, using the CitoPlus platform helps eliminate manual processes (including the collection and transmission of ID capture and application forms) and streamlines the lodgement process by allowing brokers to progress from client engagement to formal submission in a single process.
However, Pallas noted that, even though the application process has been digitised, Pallas Capital will retain its relationship‑driven origination model, where brokers can workshop complex commercial real estate transactions.
CitoPlus and Pallas Capital said they were committed to supporting brokers by equipping them with tools and solutions that make it easier to originate, structure, and submit transactions.
“This partnership signifies a step toward a more connected, efficient lending ecosystem, supporting brokers servicing SME and self-employed business clients seeking more accessible funding for property acquisition, refinance, cash out or debt consolidation, as well as business clients looking to refinance or purchase residential investment properties,” they said in a joint statement.
The move comes as CitoPlus broadens its partnerships with commercial lenders.
Earlier this month, it integrated Prospa’s Intelligent Quoting (Prospa IQ) directly into the CitoPlus platform, enabling brokers to access live digital quotes, real‑time pre‑qualification, and seamless lead submission within the single workflow.
Through integrated real-time bank statement analysis, brokers can quickly assess a customer’s servicing capacity, creditworthiness, and trading position upfront, enabling brokers to quickly identify and cross-sell viable SME lending opportunities and provide clients with faster access to funding.
They can then submit their approved quote directly to Prospa through the CitoPlus platform.
CitoPlus said: “Combining CitoPlus’ market-leading broker platform experience and digital engagement capabilities with Prospa’s proven lending technology, this partnership enables small businesses to access funding more quickly…
“Both Prospa and CitoPlus share a commitment to equipping brokers with tools that are simple, efficient, and designed for how they work today.
“This partnership marks a practical move towards modernising SME deal origination, providing brokers with more speed, confidence, and control at the start of the lending process.”
[Related: Major bank becomes first to join CitoPlus platform]
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