Intermediaries using Online Services, the internet facility from Mortgage Express, have submitted decisions in principle with a value exceeding £1billion so far this year.
Online Services, which launched to the market in February 2002, enables intermediaries to obtain fully credit scored decisions in principle in minutes. It also enables them to submit applications online and track the status of cases in real time.
Charles Johnson, e-commerce relationship manager at Mortgage Express, says: “Exceeding £1bn in online DIPs this year is a fantastic achievement and shows that mortgage intermediaries are already seeing real benefits from trading electronically. Online volumes are increasing week by week and we are expecting further growth as we continue to rollout services to our intermediary partners”.
For more information about 'Online Services', visit the Mortgage Express website at www.mortgage-express.co.uk and select the financial advisers link.