Dominic Toller, director of marketing and new business at LMS, said: “We knew the market was ready for a faster, cheaper and more efficient way of remortgaging, however we have been stunned by the phenomenal response we are receiving from packagers.
“It is proving to be a runaway success with sales well ahead of our, admittedly high, expectations.”
Packagers who have signed up to use the LMS system include: AToM, Clear Mortgage Administration, Just Mortgage Packaging, KGB Packaging, Mortgage 1, Mortgage 2000, Mortgage Bureau (UK), Mortgage Next, Niche Mortgage Solutions, Oxygen Mortgages, Personal Touch Packaging, Praxis Mortgage Solutions and Trafalgar Square Solutions.
The system:
- is fully automated wherever possible
- collates data at the front end to speed processing
- produces both customer and law firm packs
- enables queries to be highlighted and dealt with over the telephone
- pre-fills questionnaires to make the process easier for both packagers and clients
- can complete cases in less than 10 days
- keeps packagers and their clients updated so they are informed and can plan for case completion.
It can also be used with a number of options to help packagers offer ‘Fees Free’ remortgaging.
Toller added: “The LMS system turns the remortgages process on its head and creates a far superior method by reshaping how resources are used - as well as by maximising our technology, our experience in delivering high volume transactions and our robust and proven systems - to deliver faster and more flexible transactions.
“However, the proof of the pudding is in the eating, and we are delighted that so many packagers are recognising the value of the new LMS remortgaging service and the competitive benefits it can bring to themselves and their clients.”
