This is available for the 30-plus lenders that Open Door Solutions packages for.
The system utilises the Home Buyer and Risk Free (packaging software) integration as a straight–through sale to packaging process. Brokers using Open Door Solutions to package their applications have instant access to the lenders they package for.
The straight–through processing capacity cuts at least three or four days off the normal processing time due to the electronic pre-population by Home Buyer of Open Door Solutions’ Risk Free Packaging systems. This cuts out postal delays and, as the packaging system is pre-populated, work on packaging can begin immediately.
The straight-through processing system is automatically available to Open Door Solutions existing Home Buyer users, and non-Home Buyer users can gain access via a newly developed software application.
Richard Angliss, managing director of Home Buyer Systems, said: “This is exciting news for the packager–distributor community, as it challenges lenders’ attempts to woo volume business direct from brokers with instant offers. Brokers appreciate the added–value service that packagers provide, and this new availability of rapid offers helps them to have the best of both worlds”
Bob Scott, managing director at Open Door Solutions, said: “This has been developed with our packaged lender panel and will help to ensure the continuing strength of packagers in the market place.”
