The portal will be hosted within its existing member website and will provide a range of tools and templates aimed at helping members through the maze of lenders criteria and submission rules.
Included within the portal will be key lender USPs, core lending criteria and documentation requirements as well as fact sheets and tips.
Martin Reynolds, CEO SimplyBiz Mortgages, said: “The number of lenders our members are using has increased considerably over the last 12 months and all have slightly different criteria and processing procedures.
“Feedback from members has shown that unknown criteria quirks, lenders service levels and documentation collation are the key time constraints.
“To help our members improve the service they offer to their clients we have worked with all our lenders to create this new portal.
“We believe the portal will help our members help more clients by highlighting the key strengths of each lender enabling more applications to be placed and packaged correctly.
“The time saved will allow members to concentrate more on their clients rather than chasing paper.
“We anticipate that the portal will grow over the coming months and we are already working on the next stages of development. More information will be available at our road shows, which start at the end of September.”
Andrew Harvey, managing director at member firm FAC, said: “We have been working with SimplyBiz Mortgages over the last month in relation to their new Simply Speed2Offer service.
“We have found the information and tips very useful in ensuring that we understand the key aspects of some of the lenders we have not used on a regular basis and getting the correct documentation to them at the right time. We are looking forward to the additional sections that they are launching today and over the next few weeks.”
And David Finlay, managing director of the intermediary channel of Woolwich Mortgages from Barclays, added: “I think this is a fantastic initiative from SimplyBiz Mortgages.
“Anything that helps the consumer and adviser with speed, transparency, greater understanding and more information has to, and will, deliver better results for us all.”
