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Nationwide reveals e-trading launch date

Nationwide and UCB Home Loans has confirmed the launch of an online intermediary trading platform will take place on January 16.

The online trading platform will means intermediaries will be able to reserve a product without the customer’s property details and save and exit at any point during the decision in principle or full mortgage application.

Other features of the new sites include a DIP in seconds, full online application, print off certificates for clients (both affordability and DIP decisions), immediate product reservation and valuation instruction.

In addition to the new website e-trading platform and application process, Nationwide is making a number of improvements to Mortgage Trading Exchange.

Tim Hughes, head of intermediary markets at Nationwide, says: “In recent roadshows held across the country, intermediaries told us we needed to improve our online proposition.

“We have listened to their feedback and made a number of enhancements ensuring that we are easier to do business with.

“This investment highlights the continued commitment Nationwide has to improving its intermediary proposition.”

UCB Home Loans says the launch of the e-trading platform, called iSite, is an opportunity to create a fully comprehensive online resource centre for intermediaries.

It will combine the new online trading platform and registration process into a single package, which also includes a range of tools and features, in order to provide a simple all-round system exclusive to intermediaries.

Additional features of the system include, online calculators, case tracking, key facts illustration, links to details of rates and direct access to telephone web support team

Keith Astill, managing director at UCB Home Loans, says: “iSite is a major step forward in terms of the service that we provide for intermediaries.

“It enables us to combine the benefits of an online e-trading system along with value added services into an all-encompassing resource centre whilst maintaining direct access to our underwriters, business development managers and web support team.

“This is an exciting step forward for us and we’ve spent a lot of time working alongside our intermediary partners in order to provide a system that makes their lives easier, and makes doing business with UCB Home Loans quicker.”

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