SMS already provides an independent case checking service.
Checkit will be offered through extranet The Porthole and offers brokers key client information including identity and Anti Money Laundering.
It removes the need for paper evidence and provides a full credit check for risk assessment leaving no hard footprint on the file, automated property valuation, a full client report summary and a an MI and audit trail.
SMS is providing the tools to enable lenders to maintain intermediary relationships because all cases submitted through SMS will have had access to independent checks.
Solent’s Ian Balfour (pictured), said: “With the addition of Checkit, brokers can confidently submit cases knowing that the basic checks have all been done to ensure that an application is worth pursuing.”
He said this type of service also provides lenders with the confidence to deal with intermediaries in the light of compliance demands both now and in the future and see companies like SMS as ideal partners to further their ambitions to generate business from the intermediary market.
John Mawdsley, chief executive officer of Omnii Solutions, said: “Checkit saves brokers from wasting valuable time on applications that have no merit and demonstrates to lenders that modern technology provides all brokers with the kind of sophisticated tools to ensure quality and compliance.”
