Packager Mortgage Choice has launched the next phase of its enhanced technology programme by offering intermediaries access to online applications from it 10 lenders.
Doug Hall, sales director, says: Phase one has to date resulted in an average application to offer turnaround time of 14 days, which is a direct result of the automatic email function providing intermediaries with a summary every three days on all cases in progress, plus a key stage update facility which automatically advises the intermediary on individual cases at key points during the processing of the application.”
Hall adds: “Phase two, the launch of the online application is the next step for existing and new intermediaries to Mortgage Choice and can only result in an even better turnaround time from application to offer. Our new technology has the added benefit of being able to pre-populate with lender systems, which has reduced the processing time within Mortgage Choice. Who knows there is an argument to say that Mortgage Choice could pay a greater procuration fee to intermediaries for those that submit online.”