View more on these topics

Promise launch automated underwriting solution

Promise Finance has launched Promise Solutions Network, an underwriting solution specifically aimed at the mortgage intermediary market.

It features Promise Quote, an automated online underwriting system with integrated credit search.

Steve Walker, managing director at Promise Finance, says: “Whilst there are many other features and benefits yet to be added, we’re introducing this service to the market earlier than we initially intended as a result of demand from existing and new brokers who have seen our technology and want to take advantage of it straight away.

“The underwriting engine is hugely powerful and stands up as a fantastic proposition in its own right.

“We will add the other bells and whistles in due course.”

“Not every intermediary will want to accurately source secured loans.

“Therefore we will shortly build in a simple secured loan or mortgage referral process whereby Promise will do all of the work from initiating contact with the customer, via our contact centre, right through to completion”.


Good client relationships will pay off

In this era of technology, companies are learning that one of the most important lessons of the old economy still holds true – building and maintaining client relationships is vital, says Sally Laker

Commercial service online

Commercial Mortgage Solutions is offering Mortgage Brain users its whole of market commercial mortgage service. The sourcing system’s software allows users to click through to its commercial website, and from there they can complete an online decision in principle form. Adrian Coles, managing director of CMS, says: “Not only does this source from a true […]

MPLC completes securitisation

Mortgages PLC has completed its latest securitisation deal for a total of £575m. Newgate 2007-1 is MPLC’s 11th securitisation deal, and comprises predominantly AAA-rated mortgage assets. To date, MPLC has securitised more than £4.8bn worth of mortgages

Advanced apprenticeship scheme awaits approval

An apprenticeship scheme for trainee financial advisers, designed by the Financial Services Skills Council, is in the process of being approved by the Apprenticeship Approval Group.

2017 and the savings landscape…

Anyone who is involved in the world of workplace savings will recognise that the last few months have been rather interesting to say the least. At the start of the year both employers and the pensions industry were braced for major changes to UK pension tax reliefs in the March Budget. Yet shortly before the […]


News and expert analysis straight to your inbox

Sign up