Focus’ technology will be integrated into Trigold’s mortgage sourcing software to provide the capability for Trigold’s 22,000-plus users to complete and submit electronic mortgage applications.
As part of the agreement Focus will ‘fast-track’ lenders to start receiving the benefits of e-commerce by converting the existing Trigold application forms into ‘Focus forms’ to electronically capture data.
Over 130 lenders, whose products are available on Trigold, will then have the opportunity to upgrade their Focus forms to provide mortgage advisers with an easy-to-use full electronic mortgage application.
The new applications offer the capability to enable straight through ‘touch free’ electronic processing of new mortgage business.
Bill Safran, chief executive of Trigold, said: “This partnership is a great opportunity for Trigold, Focus and indeed the mortgage market as a whole. All parties within the mortgage sales process will receive significant benefit from using the new Focus forms.”
John Streets, chief exe-cutive of Focus Solutions, commented: “This new partnership will create an e-commerce community that will provide the market with a much needed efficient method of transacting mortgage business at much lower costs.”
Rob Clifford, managing director of Mortgageforce, said that any organisation which solved the e-commerce problems in the industry would have scored a significant goal.
“One of the key frustrations for brokers is the lack of true e-trading, especially when you consider that the technology has been around for at least five years.”
The new mortgage initiative will be promoted at the Mortgage Business Expo at the G-Mex centre in Manchester from 18-19 May.
