Blackandwhite.co.uk has entered the sub-prime mortgage packaging arena with a specialist sub-prime mortgage sourcing and submission system called The Mortgage Portal.
TMP system is an online data based on open standards with an integrated credit search is applied across all the lenders on panel to reduce cascading in many cases this data transfer can be achieved via the brokers own back office system.
The system also produces an integrated key fact illustration.
The lenders on panel include Money Partners, Mortgages PLC, High Street Home Loans, Platform, Chelsea and Swift.
Thomas Reeh, CEO of Blackandwhite.co.uk, says: “Having a hand picked panel of lenders is an attractive part of The Mortgage Portal system.
“Our research with brokers and IFA’s clearly highlighted a desperate need to simplify the mortgage sourcing and application process including KFI production therefore reducing the amount of time submitting and following up a deal to completion.”
Blackandwhite.co.uk will be backing the technology features of TMP system with its market leading packaging team – underpinned with four sub- prime lenders onsite at its Staffordshire based headquarters.
Discussions continue with two other leading sub-prime lenders who wish to join the Mortgage Portal panel.
Adam Henry, sales and marketing director at Money Partners, says: “Among many of the things we have in common with blackandwhte,co.uk is a shared view and understanding of the needs of brokers and their customers.
“Blackandwhite.co.uk’s commitment to satisfying these in every respect is second to none; and its deep and ongoing investment in people, products, processes and technology will ensure it remains the packager partner of choice for the discerning.
“We also share the view that service is one of the key differentiators in a market where products are becoming increasingly indistinguishable.
“Where many packagers simply talk about about ‘service excellence’, we know first hand that blackandwhite.co.uk delivers. We’re immensely proud to have been chosen as a key lender partner at a time when the market is offering such huge opportunity.”
Pete Thompson, sales director at Mortgages PLC, says: “Mortgages PLC is proud to count blanckandwhict.co.uk amongst our top introducers of specialist mortgages in the UK market.
“Blackandwhite.co.uk brand and reputation are second to none and this is the result of the hard work and dedication of their management team and advisers.
“We are delighted to be supporting them in their new developments in the intermediary sector via TMP and think that the new technology they are bringing to the market will genuinely add value.”