The system will pilot 500 AVMs to provide GEMHL with insight into the benefits of increased processing speed and cost reduction to brokers.
The pilot is being run with, Central Capital, Compass Finance, Greenhill Finance, Ocean Finance and HFS on igroup cases, and is available through the GE Money Hometrack site.
Through the pilot, brokers can use the system on igroup’s near-prime, light adverse and GEM 1 product ranges. This system demonstrates GEMHL’s commitment to continuous improvement and to making mortgage processes simpler and more cost effective for intermediaries.
Pilot criteria
· LTV < 70 per cent
· Loan values up to £250,000
· GEM 1 and light adverse product ranges
Duncan Berry, director or mortgage sales at GE Money Home Lending, said: “We are constantly striving to review and develop our offering in order to improve service to our brokers. We are interested in using technology to make the mortgage process simpler for our intermediaries and look forward to working with them on this pilot.”
