View more on these topics

Sub-prime online portal is launched

Blackandwhite.co.uk has launched an online sub-prime sourcing and submission system with an integrated credit search and data transfer across six lenders on its panel to reduce cascading.

The Mortgage Portal is based on open standards and Thomas Reeh, chief executive of Blackandwhite.co.uk, says that the technology will be underpinned by the companys packaging team as well as four onsite sub-prime underwriters in its Staffordshire-based offices.

Lenders on the panel include Money Partners, Mortgages PLC, High Street Home Loans, Platform, Chelsea and Swift. Discussions are also under way with two more.

Reeh adds: Having a hand picked panel of lenders is an attractive part of The Mortgage Portal system. Our research with brokers and IFAs clearly highlighted a desperate need to simplify the mortgage sourcing and application process including key facts illustration production, reducing the amount of time submitting and following up a deal to completion.

Adam Henry, sales and marketing director at Money Partners, says: Service is one of the key differentiators in a market where products are becoming increasingly indistinguishable. Where many packagers simply talk about service excellence, we know first hand that blackandwhite.co.uk delivers. Were immensely proud to have been chosen as a key lender partner at a time when the market is offering such huge opportunity.

And Pete Thompson, sales director at MPLC, adds: 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.”

Recommended

Pink denies head-hunting for new MD

Pink Home Loans has quashed rumours that it has enlisted head-hunters to replace managing director Tony Jones, who has been off sick from the company since November. However, with Jones on indefinite sick leave and sales and marketing director David Copland acting as managing director in his absence, the future management structure of the network […]

Fitch Ratings awards Crown with positive rating

Fitch Ratings has given Crown Mortgage Management UK a positive rating in its annual review, with its UK commercial mortgage ratings being the second highest possible. Crown manages the mortgage outsourcing for companies like Royal Bank of Scotland, HBOS, Interbay and Rooftop.The Fitch ratings are based on Crowns continued ability to administer commercial and residential […]

N4 launches desktop AVMs

N4 Solutions has introduced desktop valuations via Hometrack as part of its mortgage point-of-sale software. The supplier of point-of-sale solutions says its desktop valuations will strengthen its position within the mortgage industry. The new functionality will be made available to all existing N4 customers and will be provided as standard for all new MPOS implementations.Steve […]

BM Solutions expands key account key

BM Solutions has expanded its key account team with the appointment of two key account managers. The team, led by head of key accounts Iain Williamson, is responsible for looking after key accounts on a strategic basis, by building strong interlinked corporate relationships. Christine Newell and Adrian Whittaker have both been appointed as key account […]

Newsletter

News and expert analysis straight to your inbox

Sign up