Household insurance provider, Select & Protect (S&P), has launched Sprite, a general insurance trading platform for mortgage brokers and advisers.
The system allows brokers to save both full and partial applications offline and then send them online at a later date. The system includes a quote engine and is fully electronic, meaning that printed forms and signatures are not necessary. It also promises an electronic underwriting service, Spook, which operates 24 hours a day.
Simon Hood, chief executive of S&P, said: ‘While the mortgage lending market is quite robust, this new service makes it even easier for mortgage advisers to add a worthwhile amount of income to their business ‘ typically between £600 to £6,000 per month, with very little effort.’