Accord currently receives around 75 per cent of its business electronically and the new system will negate the need to duplicate data entry. The sourcing system will automatically map information across to the lender’s underwriting engine.
Commenting on the development Linda Will, managing director of Accord, said: “Many intermediaries have asked us to develop this electronic link to Trigold to speed up the online process and to help those who work offline in their customer’s homes.”
Will went on to say that Accord were working with The Mortgage Trading Exchange (MTE) to set up a similar system, which would be up and running sometime in May.
She also said Accord were investigating setting up similar systems with networks.
