The new forms will be automatically pre-populated with client and product information.
The Agreement in Principle request is integrated directly with the lender’s head office systems. By submitting applications to TMW via the mte, intermediaries and their customers can use a fully automated ‘right first time’ process and receive a lending response in minutes.
Mike Davies, head of the Mortgage Trading Exchange, added: “The automatic pre-population of client data and sophisticated case tracking capabilities are great time savers and with more and more intermediaries using the mte every day, I am sure it will help TMW further increase its efficiency and business levels.”
The mte processes annualised transactions with an estimated value of over £30bn worth of mortgages.
