The Bank is now accepting electronic mortgage applications and KFI requests via The Mortgage Trading Exchange. This new partnership will form a key part of the Bank's offering to introducers via sourcing systems and trading platforms.
Alan Dring, Standard Life Bank's head of intermediary development, added: "Standard Life Bank is delighted to announce our partnership with Mortgage Brain's Mortgage Trading Exchange which will add yet more value for introducers. We are committed to developing a competitive e-trading proposition and recognise that Mortgage Trading Exchange, as a key-trading platform will play a significant part in achieving our goal. Electronic trading will become increasingly important for both lenders and introducers alike and we are reassured by MTE's compliance solution, which offers all parties a simple, accurate and ultimately compliant process."
Mark Lofthouse, CEO Mortgage Brain added: "We are delighted that Standard Life Bank have selected the Mortgage Trading Exchange as the only Trading Platform where full applications can be submitted and electronic KFIs requested. Thousands of Introducers benefit from using the MTE, with over £20billion being transacted annually and rising, and the faster and more efficient service now offered by Standard Life Bank is sure to be welcomed and embraced by all."
