Orbiter, the new company comprised of Oppono, TFC Homeloans, TFC Commercial, Home Estate Agency, QPAC, and Mortgage Branding, has pledged to offer brokers a choice in the way they submit business to mortgage lenders.
Brokers using Orbiter will be able to choose whether to submit applications direct to lenders or via a packaging facility.
The proposition will also include processing and compliance services and be made available online via an technology platform, which will initially focus on the specialist mortgage sector.
Orbiter intends to roll out a whole of market solution by the end of 2008.
Andy Brown, director of Orbiter Group, says: “Choice will be at the heart of the Orbiter solution. We understand brokers have preferred submission routes and we will cater for this. Our users will be able to submit direct to lenders or allow our packaging service to do the hard work for them.”