IF has launched an application packaging facility and an enhanced affordability calculator to make the online experience as quick and helpful as possible.
Brian Ewing, head of intermediary sales at Intelligent Finance, said: "The internet is a fantastic tool for enabling brokers to place business quickly and easily. We have continually enhanced our dedicated broker website since it was launched and the latest enhancements have been implemented a result of feedback from brokers. All enhancements have specifically designed to make the life of the broker easier than before and enable us to speed up applications."
The application packaging facility means brokers can see in an instant what verification paperwork is required on any application. This will enable brokers to get the correct information at the right time from their clients to ensure that the application is processed quickly and easily. The same application packaging summary screen will also show them if their client qualifies for fast tracking. And, brokers no longer need to wait till a client receives a welcome pack in the post to find out what paperwork they need their clients to submit for the application.
The bank's enhanced affordability calculator now enables brokers to see the range of mortgage lending that Intelligent Finance will offer a client on either a sole or joint mortgage application before an application is actually placed with the bank.
Ewing added: "We firmly believe that affordability calculations are far better then income multiples as they treat each applicant as an individual. However, we recognise that not knowing what mortgage value we will offer a client means that it's not as easy for brokers to make a recommendation to their client. Our new affordability calculator clearly shows the range of mortgage value that we are willing to offer without putting any kind of footprint on the client's credit files."
Available 24 hours a day, the broker website offers additional tools including online case tracking, detailed product information including up to date rates and charges, marketing literature which can be downloaded or ordered online, an offset calculator to demonstrate the benefits of offset and much more. Brokers can also generate a compliant KFI and receive an agreement in principle within minutes.
