Future Mortgages launches Auto ID

Future Mortgages has implemented an Automated Identification system for all first charge loans, putting an end to old fashioned, time intensive identification methods.

Auto ID will reduce application processing times by eliminating the need for mortgage customers to submit original identification documents.

Auto ID also removes issues surrounding incorrect certification and improves security, as customers will no longer be required to send original identification documents to their broker.

With Auto ID, customers will complete and submit a standard form with their loan application. The form is verified and validated by Future Mortgages against an online system, vetted fully by the FSA.

Ken Horsburgh, head of sales at Future Mortgages, said: “Auto ID makes the application process faster and more efficient and therefore will improve the time Future Mortgages takes to agree cases and pay out on a deal.

“By taking full advantage of advances in technology we have been able to introduce a system with a measurable benefit for our brokers and customers and free up more of our people to concentrate on enhancing our response times to brokers and customers.

“Auto ID has been developed as a direct result of feedback from brokers and is one of a number of technology led advancements we are currently investigating.”