You are here: Home - News -

IFonline confirms plans for Trigold

  • 10/08/2001
  • 0
Nick Caplan, the new group chief operations officer at IFonline, has outlined the future plans for t...

Nick Caplan, the new group chief operations officer at IFonline, has outlined the future plans for the company, following its acquisition of Trigold.

The acquisition will enable IFonline to fuse its online proposition with Trigold’s offline sourcing system and re-enter the market with a straight-through mortgage processing tool.

Caplan said: ‘IFonline was targeted as an organisation that provided a series of benefits to lenders as an initial part of the proposition, but for it to work properly it needed a user-friendly sourcing and data collection tool available on intermediaries’ desk tops. IFonline had the strongest online proposition, but not the strongest offline proposition.’

As a result, the company is now focused on integrating the component parts and putting its proposition to the market.

He said that while an element of integration is required, the 20,000 brokers registered with the new group can expect to reap the benefits of the alliance within the next three months.

‘We anticipate the first thing brokers can do is to take an application from the Trigold product and put it through electronically, using Trigold as the sourcing and data collection tool and IFonline to facilitate the electronic application,’ he said.

How it will be delivered to brokers remains to be clarified. But Caplan said: ‘We will maintain free access capability to some online quotations, sourcing, and the ability to make an online application. If they wish to have greater functionality there are a number of levels of subscription.’

Those subscribing to the system, for example, will be able to access desk-top sourcing and more online features.

Caplan added that the new product will be marketed to brokers under the Trigold brand. ‘IFonline has a strong brand with lenders, but Trigold is stronger in the broker community.’

The move, coupled with the announcement that Mortgage Brain is to set up a common trading platform, will bring brokers one step closer to e-trading.

Caplan said: ‘The majority of advisers use technology in some form or other. The question is how they move to a level where they use it to source, collect data and enable the transaction to be completed electronically.’

He added that the launch of the new system should make the transition easier. ‘Technology will become invisible. Brokers do not want to think whether they are on or offline ‘ they just want to know the business is done.’


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
MHBS sees net mortgages rise to 22% of business

Market Harborough Building Society (MHBS) has reported almost a quarter of all their mortgage busine...