View more on these topics

Mortgage Choice launches next technology phase

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.”


Rumbold resigns from Cheval

Paul Rumbold has resigned as sales and operations director at Cheval Property Finance for personal reasons. Ellis Sher, managing director of Cheval, says: “We wish Paul all the best for the future. We understand his desire to be closer to his family in Manchester and while we are sorry to see him go, we are […]

Coventry loans rise by 385m

Coventry increased its mortgages and other loans by 385m, its interim results for the first half of 2006 reveal. Other highlights of the results include a growth of 4.3% in assets for the six months, which now exceed 11.5m.

Callcredit to host credit conference

Credit reference agency Callcredit is to host a one-day conference for credit industry leaders addressing the future of the UK economy, the consumer lending industry and consumer behaviour.Titled Predicting The Future the conference is set to take place at the Marriott Forest of Arden Hotel & Conference Centre on Wednesday November 1.John McAndrew, managing director […]

TMB revamps product range

The Mortgage Business has revamped its self-cert, house to house and multi buy-to-let products. Managing director Nigel Payne says: “This is the result of packagers telling us what they need to provide an edge for their customers.”


News and expert analysis straight to your inbox

Sign up