The Mortgage Works, the specialist arm of Nationwide, has made its decision in principle and full mortgage applications forms available to users of the Mortgage Trading Exchange.
The forms will automatically be pre-populated with client and product information already held on brokers’ databases.
Agreement in principle requests or applications are integrated directly with lenders’ head office systems, including third party credit scoring.
Larry Banda, managing director at TMW, says: “We’re delighted to have made our DIP and FMA forms available on the MTE. The platform is a hugely popular channel for mortgage placement in the UK and I am delighted that we can now offer brokers a choice of both TMW online and the MTE for submitting applications.”
Mike Davies, head of the MTE, says: “We’ve been working closely with TMW on the development of its new forms and we’re delighted to see them live on the platform.
“The automatic pre-population of client data and sophisticated case tracking capabilities are great time savers and with more brokers using the MTE every day, I’m sure it will help TMW further increase its efficiency and business levels.”