The platform, which provides an industry-wide means of requesting AIPs and submitting and tracking full applications between intermediaries and lenders, now features a new document ‘scan and attach’ function, improved case tracking capabilities, a ‘fast track’ facility and standalone product reservation.
Available now to all lenders to incorporate within their AIP and full application forms, the latest enhancements to the mte have been designed to further streamline the mortgage completion and application process by offering greater functionality, increased efficiency and reduced paperwork.
Commenting, Mike Davies, business development director of the Mortgage Trading Exchange, said, “The developments we’ve made to the mte are based on consultation with both lenders and brokers and focus upon usability and functionality to improve overall user experience and efficiency.
“The platform’s enhanced automatic pre-population of client data, its sophisticated case tracking capabilities and unrivalled compliance functionalities are great time savers and with more and more intermediaries using the mte every day, I’m sure it will help to further increase efficiency and business levels for all concerned.”
The platform integrates with the leading point-of-sale systems to improve efficiency and ensure compliance and is also available as a standalone product. It is supported by the UK’s leading lenders with AIP requests and applications being received directly into lenders’ systems and responses typically received in less than a minute.
