Trustguard is planning to expand its inhouse underwriting team because of rising business levels.
First National has placed an in-house underwriter at the Cardiff-based packager after Trustguard’s completed applications with the lender rose 300% over the year to the end of October this year.
The underwriter is the latest additions to Trustguard’s inhouse team that now includes a presence from GMAC-RFC and Southern Pacific Mortgage Limited as well as First National and The Mortgage Business.
Sian Brown, national sales manager at Trustguard, says the expanded team will fuel continuing increases in its business.
She says: “We have found that once we have an inhouse underwriter in place business tends to grow dramatically. Applications are processed more swiftly with the lender in question because the underwriter knows its criteria inside out.”
She adds: “Inhouse underwriters can give a response on a case straight away and because they are fully mandated, can issue offers on the spot.”