SimplyBiz launches facts and tips site for dealing with lenders

SimplyBiz Mortgages has launched a facts and tips site for brokers to help them through the maze of lenders’ criteria and submission rules.

Called Simply Speed2Offer, included within the sitel will be key lender USPs, core lending criteria and documentation requirements as well as fact sheets and tips.

SimplyBiz Mortgages chief executive officer Martin Reynolds says the number of lenders its members are using has increased considerably over the last 12 months and all have slightly different criteria and processing procedures.

He says: “Feedback from members has shown that unknown criteria quirks, lenders service levels and documentation collation are the key time constraints. To help our members improve the service they offer to their clients we have worked with all our lenders to create this new portal.

“We believe the portal will help our members help more clients by highlighting the key strengths of each lender enabling more applications to be placed and packaged correctly. The time saved will allow members to concentrate more on their clients rather than chasing paper.”

Reynolds says the plan is to grow the site over the coming months and that the firm is already working on the next stages of its development, with more information available at it upcoming road shows, which start at the end of September.