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Packagers get faster at submitting applications

Packagers submitted applications one day faster in Q4 2006 than in Q3 2006 on average, research by The Mortgage Business reveals.

Analysis of the figures reveals that respondents found the time required from case application to offer was 8.8 days on average.

This figure is significantly down on the average of 9.9 days revealed in the Q3 2006 survey.

It looks like this timeframe could fall even further as the research also points out that 90% of packagers are planning to invest in some form of information technology in the next three months.

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