View more on these topics

Amber reports positive feedback to online DIP

Amber says its underwriters and sales team have received positive feedback from brokers following the launch of its online decision in principle on June 27

The system provides a binding decision to lend; either an automated yes/no decision within minutes or a decision based upon referral to an underwriter within one working hour.

Decisions are subject to valuation and adequate security.

The DIP system incorporates a credit search, helping brokers to identify appropriate products for their clients.

The product cascade facility highlights the possible solutions Amber can offer to suit specific client needs.

Mike Perry, associate director sales and marketing at Amber, says: At a time when some lenders are reportedly finding it difficult to provide a stable DIP system it is extremely pleasing to see the positive reaction of our intermediaries using the Amber DIP.

The DIP is giving the intermediary more comfort that the application is going to proceed to completion while the client is with them.

Amber values the intermediary market and is working hard to maintain the high standards required to help the professional advisor in placing a mortgage for their clients.

The first step for the intermediary is to pre-register for the DIP, which can be done via the Amber website.

Recommended

Leaving brokers with nowhere to churn

There’s something particularly appealing about a building society chief executive. It’s the thrill of power. The same charisma that makes normally sensible women throw themselves at deputy prime ministers exudes from the pores of those chaps in suits who make big decisions about consumers’ finances between the next game of golf and the last glass of port.

MBBG reveals July gross mortgage lending up 19%

Further lending figures from Major British Banking Groups just released show Julys gross mortgage lending was 19.1bn, some 7% below the record figure of 20.5bn in June, though 19% higher than the 16.0bn in July last year.Underlying net mortgage lending rose by 5.7bn, compared with 5.6bn in June, an average of 5.3bn over recent months […]

Doubts over rollout of HIPs

Brokers and lenders have questioned how successful the voluntary rollout of Home Information Packs by the Association of HIP Providers will be. The first stage of AHIPP’s regional rollout of HIPs and Home Condition Reports will take place from November 6 in Southampton, Bath, Northampton, Newcastle, Cambridge and Huddersfield. But Malcolm Graham-Jones, head of lending […]

AHIPP launches code of practice

AHIPP is putting in place a code of practice for the whole Home Information Pack for its members. Pack providers will be able to sign up to the voluntary code from late September this year.Mike Ockenden, director general, AHIPP , says: The government has already announced that they will be regulating all Home Inspectors – […]

Keep calm and carry on?

We British are known for our stiff upper lip and just getting on with things. It’s part of our quirky cultural behaviour – like forming orderly queues, or saying sorry when it’s not our fault. Many of us just aren’t that great at talking about what’s bothering us. But if someone feels that the stresses […]

Newsletter

News and expert analysis straight to your inbox

Sign up