The system is an upgrade from the POS system and allows automated funds booking and valuation instruction. Brokers can recieve offers immediately with instant Automated Valuation Model (AVM) approval.
Phil Jay, managing director of BDS, commented: “We are very excited about this technology as being able to speed up completion has got to be a sure fire winner all round. Brokers can now be confident that funds are secured for their clients and the administrative nightmare that can be obtaining and sending ID documents can be bypassed via electronic verification. I was delighted yesterday when the first one came to fruition and know that as brokers get more used to it, the benefits will speak for themselves.”
Roger Brown, director partners at GMAC-RFC, said: “The POS+ system is pioneering technology and BDS have embraced the system and recognised the benefits this will give their brokers. We look forward to working closely with BDS in the coming months to continue building the good relationship we already have with them.”
