BMS launches online application for additional lending

BM Solutions has launched its online application process for additional borrowing.

By allowing brokers to process applications online, BMS says it brings both cost and time benefits, reducing paperwork and manual form filling.

Once brokers have keyed in their applications, a decision letter will be despatched within 48 hours. This will be further enhanced in the near future with the launch of online decisioning.

Ray Boulger, senior technical manager at John Charcol, says: Many clients want their further advance funds quickly and now that a further advance lending decision can be obtained more efficiently by applying online, BMSs proposition is even more powerful.

Martin Reynolds, head of sales at BM Solutions says: BM Solutions works hard to constantly improve the online offerings for intermediaries. These developments once again see BM Solutions leading the market.

BMS’ One Minute Mortgage online application system reduces the time it takes to process a case with features including product matching, compliant KFI creation and electronic ID verification.