The “Binding Decision” replaces the specialist lender’s current decision in principle (DIP) and will provide brokers with a decision in just thirty seconds, subject only to valuation and standard fraud checks.
The enhanced offering will also generate a bespoke list of submission documents required for each case, along with electronic verification of a client’s ID. These features reduce paperwork and so save brokers time.
Also included is a secure electronic credit or debit card payment facility.
Key features:
· Online binding decision facility
· Approval to take just 30 seconds
· Application submission requirements list
· Customer ID certified online
· Access to secure electronic credit / debit card payment facility
Gus Park, director of intermediary sales at Mortgage Express, said: “Our new online service will make it easier and quicker for brokers to provide clients with a decision on their mortgage. Coupled with our fast online registration service and online real-time case tracking, one of the most detailed in the market, brokers should now be confident that when using Mortgage Express online they will be providing their client with the best possible solution for their needs.”
