The CheckIT service enables intermediaries to provide sourcing at point of sale by confirming a client’s identity and undertaking anti-money laundering checks.
Brokers also have the option to obtain the client’s credit file and an automatic property valuation if required.
Rob McCoy, senior product and communications manager at PMS, says: “By vetting applications prior to sourcing and submission this service enables brokers to quickly establish if they can help the client before they start detailed, time consuming work. It’s a valuable business tool that can help save brokers time and money. I believe our customers will find it very useful.”
John Mawdsley, chief executive officer at Omnii Solutions, says: “The comprehensive nature of the credit report, which also has the ability to combine important elements of information needed at the point of sale, such as Electronic ID and anti money laundering requirements, will help intermediaries improve the efficiency of their operations and comply with regulations.
“With current statistics indicating that one in two applications are still being turned down by lenders, our CheckIT system will save PMS users time, resource and help improve the quality of mortgage applications.”