View more on these topics

GMAC decisions boom prompts expansion

GMAC-RFC is planning to add to its marketing team and invest more in technology after its POSD system recently topped 1,000 online decisions per day.

Just over one year after regulation, GMAC-RFC is receiving record levels of online decisions on its POSD system.

It has also seen record numbers of brokers visiting its website and responding to its interactive emails. As a result of this, GMAC-RFC is planning to invest more in marketing technology and add to its marketing team.

The company believes that this massive increase in online interest is due to a mix of its competitive products and the launch of its cascade system last month.

POSD online decisions have quadrupled in the past 12 months and recently hit an all-time high.

Jeff Knight, head of marketing services at GMAC RFC, says the lender is looking to expand its marketing department and will be investing in that side of the business as the company continues to grow.

He adds: “Our online decisions have quadrupled in the past 12 months. The main reason for this is that more intermediaries are realising the advantages that binding decisions can bring to them in just 30 seconds.

“It also means they benefit from higher service levels.”

Recommended

Assurant launches age banded MPPI

Assurant Solutions has today unveiled a flexible age banded mortgage payment protection product which calculates premiums according to age. According to the CML the single biggest factor effecting take-up of MPPI is price. By pricing the product according to age, the product from Assurant will prove a far more attractive option to customers. 18-24 year […]

Packagers’ success is linked to our own growth at TMB

From Nigel Payne In response to Simon Mouncher’s letter on the packager market – we at The Mortgage Business believe a little balance is required. Some talk of the future looking bleak for packagers, but not all lenders endorse this view. People have been predicting the end for packagers for some time, and how wrong […]

BMS widens self-cert offer

BM Solutions has gone whole of market with itsSelf-cert 90 product. Piloted from September with a limited numberof appointed representatives, now all brokers can offer the product to clients. BMS says it will review progress over the next couple of months. Tim Hague, director of BMS, says: “Our pilot of Self-cert 90 has been really […]

EConveyancer to be used to produce HIPs

The United Group is to use its eConveyancer system to to produce HIPs, following research into what brokers and estate agents want from an HIP provider. The online conveyancing system has a reputation for being easy to use and effective in helping brokers give service clients, and United believes this will help when launching its […]

Five ways to invest in the connected world

Smart utility metering; fitness trackers; connected cars; smart factories; precision agriculture: the internet of things encompasses myriad applications. But how do you gain exposure – and profit – from this growing trend, asks Neptune fund manager & CTO Ali Unwin. Read more: Important information Investment risks Neptune funds may have a high historic volatility rating […]

Newsletter

News and expert analysis straight to your inbox

Sign up