The Mortgage Business is launching an online mortgage processing service for intermediaries – TMB Interactive.
TMB says the system will speed up the whole mortgage process. It will help intermediaries and packagers process cases more quickly and, in most cases, will give an instant online decision with an immediate agreement in principle.
The fast-track system is being rolled out to all intermediaries and packagers in May. It will give intermediaries the facility to process mortgage applications entirely electronically – with the facility to work both offline and online forms. TMB has introduced credit scoring for the first time so that straight forward cases can get an instant decision. More complicated cases will be referred to an underwriter.
Bill Dudgeon, managing director at TMB, says: “Converting an agreement in principle into a full mortgage application with TMB Interactive is quick and easy. With the use of advanced technology, TMB Interactive also offers a secure email service and real time case tracking which offers both peace of mind and quick delivery.”