In July, Advantage will become an authorised submission channel for mortgage loans sourced on GMAC-RFC’s on-line POSD system. This means a broker can source a mortgage for their client on GMAC-RFC’s system and then select Advantage to process the application on their branded products in the normal manner.
Peter Bass, Head of Sales and Marketing for Advantage commented: “I’m delighted to be able to announce this deal with GMAC-RFC, as I firmly believe that electronic sourcing systems will play an increasingly important role in our future development. This will allow us to process certain types of business more efficiently and enable our underwriters to concentrate on underwriting the more complex adverse cases, the borderline cases and re-placing the electronic turn-downs. All of which will further improve our already impressive completion ratios and times.”
Shaun Jelfs, Corporate Accounts Sales Manager, GMAC-RFC commented: “This builds on the fantastic relationship GMAC-RFC have with Advantage and demonstrates the benefits of the POSD system. The development will further reduce processing time for Advantage and increase conversion ratios, benefiting all parties”.
Brokers who would like to be able to submit mortgage applications that have been sourced on the POSD system, should email brief contact details to [email protected] so that they can be issued with a user ID and password.
