By establishing a partnership arrangement with mte, The Mortgage Times Group hoped to offer intermediaries a faster and more efficient mortgage application process.
The electronic completion and submission of full applications will enable a single pass ‘right first time’ process and eliminate any chance of incomplete forms being submitted.
Mark Lofthouse, chief executive officer of mte, said that to see The Mortgage Times Group live on mte was a major milestone in the development and adoption of a common trading platform for the industry.
A Mortgage Times Group generic application form has also been created to enable brokers to benefit from being able to place mortgage business with its panel of 25 lenders using mte.
Chris May, director at The Mortgage Times Group, commented: “We’re delighted to have completed this integration with mte – it’s an excellent example of the industry working together to offer better service and a better deal for mortgage intermediaries and their customers.
“We are delighted that we can improve our service to our intermediaries by offering them access to mte. The ability to trade electronically with many lenders from one place, and using one application form, is a huge benefit to all concerned.”
Colin Paterson, mortgage specialist at Capital Tower, said: “Online applications are the future of the industry. You can research for mortgages and do an application too, speeding up the whole process. In addition, intermediaries can usually track their mortgage cases.”
