Shawbrook Bank commercial mortgages has launched a digital application service – “E-AIP” - for residential investment products, allowing brokers to produce a hard credit backed IMO online.
Shawbrook Bank commercial mortgages has launched a digital application service – “E-AIP” - for residential investment products, allowing brokers to produce a hard credit backed IMO online.
The process takes just 15 minutes and sits within the existing “E-quote” section of the commercial division’s online platform “Broker Hub”.
It features as an extension of the initial quotation process.
In-built pre-population features also reduce duplication throughout the application process to further enhance the user experience.
Karen Bennett, sales and marketing director of commercial mortgages at Shawbrook, said: “We are very excited about the launch of the E-AIP function.
“It brings to fruition months of system design and implementation to improve the application journey, making the process clean, quick and easy for brokers and their clients.
“With less duplication, smarter system logic and an end result brokers can rely on, we believe the E-AIP function will make a huge difference to our business partners’ ability to service their residential investment clients.
“Whilst this latest improvement removes much of the manual element of the application process, our expert teams remain at the end of the phone to support.
“We are a business built on personal relationships and our technological improvements will always work in tandem with this core business feature”.
The service is available to all Shawbrook broker partners through the broker hub, and delivers a clear and easy to follow layout at every stage of the process to help brokers who are using the service for the first time.
The new system allows brokers to communicate Shawbrook’s appetite to lend to their clients with confidence, presenting the hard credit backed IMO that, based on accurate data, will not change later in the process.
