Table 4: Loan application submission and processing functionality

Online case tracking through underwriting and conveyance
Basic threshold requirements Current best practises Emerging best practises
Loan application in Adobe. PDF format to print out and complete manually Online application data entry screen with ability to save partially complete application Pre-populate mortgage application from AIP and trading platforms
Print and fax or mail application Electronically transmit data from website to lender system Packager and solicitor website access
Online or fax AIP request to lender Electronic AIP decision transmission from lender to intermediary AIP pre-populates full mortgage application
Online case tracking for AIP and fullmortgage application
Source: TowerGroup