The new forms, designed to save intermediaries both time and money in re-keying data and submitting for processing, will automatically pre-populate all necessary client information, which is already held on an intermediary’s database, and are instantaneously received at the lender’s processing centre.
Available now to all users of the platform, the new forms offer enhanced data entry and completion functionalities and can be used for Clydesdale’s extensive residential and buy-to-let product range.
By submitting applications to Clydesdale Bank via the mte, intermediaries and their customers can now benefit from a fully automated and compliant process and receive a lending response in a matter of minutes.
John Tooth, head of mortgage distribution and strategy at Clydesdale Bank, said:“We’re delighted to make these new forms available to brokers. The Mortgage Trading Exchange is a hugely popular channel for mortgage placement in the industry and our new electronic Residential and buy-to-let forms have been created to offer brokers an incredibly fast, efficient and accurate mortgage submission process for their clients.”
Mark Lofthouse, CEO of Mortgage Brain, added: “We’ve been working closely with Clydesdale Bank 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, its sophisticated case tracking capabilities and compliance functionalities are great time savers and with more and more intermediaries using the mte every day, I’m sure it will help Clydesdale Bank further increase its efficiency and business levels.”
