Primrose to integrate in real time with lenders

Primrose has confirmed that it is finalising plans to offer full real-time integration with four lenders and provide brokers with point-of-sale binding decisions via its evaluate technology.

Kevin Friend, national accounts director at Primrose, says it is working with GMAC-RFC, Advantage, Kensington Mortgages and Platform to integrate with their systems in time for its launch on September 4. Integration with six other lenders on its panel will follow.

In the longer term, Primrose aims to provide point-of-sale offers via electronic sourcing system evaluate and instant completions on remortgages.

Friend says: “Evaluate will allow brokers to input enquiry information only once and receive binding decisions from up to eight lenders. Networks are especially keen on this type of technology as it complies with Treating Customers Fairly and doesn’t involve having to re-key information.”

Primrose is not on edeus’ panel but Friend attributes this to edeus’ technology, which is not yet able to link in with evaluate.