The system enables brokers to complete and submit their application completely online.
TMW claims the benefits of the system include a signatureless direct debit mandate - exclusive to TMW online, eID, binding DiP, and a paperless declaration. Brokers have reported been heavily praising its ease of use and the speed of processing.
Emma Jackson of brokerage The Money Centre said: “It has definitely made the process a lot quicker and easier. The really good thing about it is that you can view the status of the case online so there’s no need to call for an update.”
Paul Howard, director of intermediary sales at The Mortgage Works, said: "We are thrilled that brokers are having a positive experience with our new online offering. The system is innovative and allows brokers to deal with TMW in a more efficient and productive manner making the entire application process a lot simpler."
Meanwhile, The Mortgage Works has appointed Keith Barr as business development manager (BDM) for Scotland.
Keith joins Portman and The Mortgage Works with over seven years experience in the financial services industry. Previously a BDM with the Chartered Insurance Institute, he also worked at Standard Life Bank dealing with client retentions, lending and IFA account management.
His responsibilities will cover the promotion and sale of mortgage products to intermediaries for The Mortgage Works, with a focus on buy-to-let, self-certification and non-conforming; and a focus on the prime market for Portman Building Society.
Howard commented: “I am delighted to welcome Keith to our highly successful team of business development managers at such an exciting time for the business. His knowledge and experience will help strengthen the intermediary position of The Mortgage Works and increase business levels in Scotland.”
