BancTec launches mortgage product sourcing service

BancTec Limited, the financial systems and outsourcing specialist has launched a cost effective mortgage product sourcing service for packagers and lenders.

The service allows packagers and lenders to outsource the administration and maintenance of comprehensive mortgage product data, including fully codified product rules that facilitate automated underwriting.

Upon payment of an initial set-up charge and ongoing maintenance fee packagers and lenders are immediately relieved of the immense, costly and time-consuming burden of regularly updating the product databases they rely on to match available products with customer requirements.

James Silcock, business development director of BancTec, says: BancTec’s experience in managing large-scale, high-volume document and data management projects, specifically in the financial sector, has enabled us to identify this service as one that offers tangible benefits to packagers and lenders operating in the mortgage sector.

“Our clients are saving money, providing accurate, up-to-date information to their customers and prospects in a timely manner, offering a more competitive service and releasing resources to focus on providing outstanding customer service.

Ultimately they are in a better position to offer the best mortgage solution to meet individual customer requirements.”