Trigold said the partnership, subject to technical due diligence, will enable advisers to complete and submit validated electronic mortgage applications.
Over 130 lenders whose products are available on Trigold will have the opportunity to transform their electronic mortgage offering to provide Trigold’s users with a new electronic application, with the capability to enable straight through electronic processing.
The sourcing system added that the electronic applications can be rapidly developed using Focus’s mortgage solution, enabling lenders’ new products to be quickly deployed to market via Trigold’s Prospector AAA at a much reduced cost of ownership.
Bill Safran, joint managing director of Trigold, said: “We have already signed up a number of lenders for the new electronic mortgage application.
“We are confident that our remaining customer base of lenders will recognise the benefits of straight through electronic processing and follow suit.”
John Streets, chief executive of Focus Solutions, commented: “Once the electronic applications have been built, all lenders can gain additional return on investment by being able to re-use their applications within other distribution channels including broker extranets or consumer websites and achieve ‘touch-free’ straight through processing.”
Kevin Morgan, managing director of Consilium Financial Planning, said: “We would welcome this partnership so long as they have carried out their tests properly allowing advisers to get on with their job without having to worry about down-time and technical failings.”
