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Online valuations seen as most vital e-business development

Four out of five advisers claim online valuations are the most vital e-business development to help their business, research by 1st Software reveals.

Following a period of rapid development by providers, portals and online adviser services, the poll revealed a positive picture of growing e-business usage amongst the adviser population. A surprisingly high 40% of firms claimed they not only used online quotations and product literature, but also online valuations and e-submission services.

However, despite the obvious advantages of e-business usage, more than one in four firms claimed they still spent more than 10 hours a week chasing client valuations in the traditional manual way.

Paul Pettitt, managing director of Origo, says: “The results of this research are encouraging. The launch of new standards-based ecommerce services is the result of a number of years&#39 work coming together.

“Origo, its sponsors and IFAs, have put a great deal of effort into developing the &#39Contract Enquiry&#39 standards and now we are seeing services emerge which make use of those standards. Continued IFA involvement is essential as it gives us first-hand feedback on what will improve processes, making life easier for them.”


BDS Mortgage Group unveils high net worth tracker deals

BDS Mortgage Group has unveiled a range of exclusive high net worth base rate trackers from BM Solutions. The products have been designed to attract high balance mortgages from high net worth professionals. Loan sizes range from £150,000 to £2m plus with a two-year discount followed by base rate plus 0.85% for the life of […]

LMS Home Loans to start branded lending for MPLC

LMS Home Loans is to start branded lending for Mortgages PLC. LMS Home Loans already offers branded lending with Platform Home Loans and intends to extend its branded lending activities with further lenders in future. LMS Homeloans director Andy Linnett says: “Unlike some other branded lenders all our branded lending activity will be carried out […]

Paul Thomas to head Opus Commercial

Paul Thomas, who last year quit as chief operating officer of Mortgages PLC, has joined Glasgow-based Opus Commercial as managing director. Mortgage Strategy exclusively revealed in December last year that Thomas, 48, was leaving the specialist lender. Thomas says he will now take responsibility for turning Opus&#39 commercial arm into one of the most respected […]

Borrowers take long-term view

Over a quarter of mortgage holders say they would opt for a fixed rate of more than five years if they were taking out a loan tomorrow, a survey by the Council of Mortgage Lenders reveals. The CML&#39s annual survey of consumers also shows that just over one in five respondents would prefer an interest […]


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