Using the exchange, intermediaries can now tap into the firms' Agreement in Principle (AIP) documentation as well as their full application forms.
The electronic completion and submission of AIPs via the platform will eliminate the chances of incomplete forms being submitted, making for a more efficient service.
Mark Lofthouse, Mortgage Trading Exchange CEO said: “The extended mte service proposition for packagers, along with the developments we’ve recently made to our sourcing system’s capabilities, have all been specifically designed to meet the needs of packagers and the feedback we’ve received from the industry has been fantastic.
“We’re delighted that Solent and Praxis are both now live with their AIPs, in addition to their mortgage application forms, and they’re leading the way in what is currently a very tough market.”
