EDGE V2 adds online DIP facility

EDGE V2, the on-line sourcing system from Enterprise has added an online decision in principle facility, for every lender on the panel that provides online DIPs.

Once used, client information can then easily be converted into a full on-line application, with no need for re-keying.

Harry Landy, managing director of EDGE, says: “At a time of industry turmoil, with rates and schemes being pulled with little or no notice, this facility will massively help brokers to secure available rates for their clients.

“One-time keying’ of client info has always been our ultimate goal and this latest enhancement brings us another significant step closer to this. We already have an on-line credit search and full application, both pre-populated by the souring info, so an on-line DIP is the final piece of the jigsaw.”

As EDGEv2 continues to evolve and its functionality increases, it is continuing to attract new brokers. There are now 9,275 registered brokers across the UK, with more than 250 enquiries a day being processed.

Mint Financial Services recently adopted EDGE as its’ sales process for sub-prime mortgages, and another major network is expected to announce the same shortly.

Sesame recently added Enterprise to its new reduced panel, largely because of the EDGE system’s provision of regulatory safety for non-conforming sales.

Michael Clapper, group CEO at Enterprise, adds:“We have seen a huge appetite from brokers for on-line functionality in the current market conditions, as we now receive more than 75% of applications on-line, via EDGEv2. Speed is now absolutely of the essence for brokers, to secure available rates for clients, so our on-line DIP facility is timely and is bound to be welcomed.”