Having announced it has extended ‘clickapplication’ to the packager market, the lender admitted it was also close to taking another technological step, which involves using XML language to allow lenders’ and packagers’ systems to work more closely together.
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Toby Nelson, PR manager at Platform, believed the system would put the lender at the forefront of technological developments in the market.
“This is part of a big e-commerce drive from us at the moment. We are not usually first to market with current-edge technology but XML will greatly speed up the process in doing business with us. XML is all about creating a common language link between lenders, packagers and brokers and means intermediaries won’t have to re-key any information during the application process.”
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Platform also admitted, as part of its technology drive, that it was set to join the Mortgage Trading Exchange, giving the same re-keying benefits to brokers who deal direct.
Mortgage Introducer was given a sneak preview of what the XML system will provide at a GHL Group roundtable, which will go live through a selected number of packagers initially.
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John Smith, sales and marketing director at GHL Group, said:
“The developments that Platform are putting in place will further improve efficiencies in our packaging department. Satellite packagers will also be able to enjoy the same benefits.”
