Intended as a method of fully integrating brokers into the application process, the conveyancing option has been developed with eConveyancer. The option can be accessed online and allows solicitors to be sourced easily.
Enterprise said that the key selling point of the option was that it allowed solicitor firms to not only be listed by price, but also featured reviews of the firms to enable brokers to judge not just by cost but by the experiences of other companies.
Kevin Paterson, group marketing director at Enterprise, claimed that this was something that the company was looking to integrate soon.
He said: “Brokers are not generally good at cross-selling so any way in which we can make their work easier is going to be good for them. It has got to make the process of application much more efficient.”
Vanessa Blount, sales and marketing director at eConveyancer, said: “What we enjoy about EDGE as a sourcing system is how technologically advanced it is. When we dealt with EDGE, it was a meeting of minds and it was a pleasure to work with.
"What eConveyancer is focusing on is how brokers can enjoy a link through to conveyancing and we’ve got a much higher presence. So with this option, they will be prompted all of the time. It’s a win-win-win situation; for us, EDGE and the broker.”
Paterson also claimed that a secured loans feature would be on EDGE in three months in what he called a ‘viable alternative’ for remortgaging in some cases.
This was in keeping with revisions to the Consumer Credit Act, which come into play in April and remove the redemption charges on secured loans.
