Legal & General has extended its point of sale platform for mortgage advisers to incorporate the pro...
Legal & General has extended its point of sale platform for mortgage advisers to incorporate the protection side of the business.
The company is confident that the upgraded platform, previously called Mortgage Decisions and renamed Launchpad, will have around 2,500 users by the end of the year. The current 1,100 users of the Mortgage Decisions will be automatically transferred to the upgraded version.
Launchpad pulls together e-business technology across the housing and protection markets, says L&G. It enables mortgage sourcing, lender applications and protection quotations and applications to be seamlessly linked and aggregated into one process.
The platform is free to L&G's mortgage advisers, and can be customised according to the adviser's needs. It incorporates the online links already developed between L&G and its lender partners, which means advisers can obtain immediate Acceptances in Principle (AIPs) and submit mortgage applications online with pre-populated data.
Graham Newitt, L&G's housing and protection director, says the system sets the new standard for advisers operating in the protection and housing market. Its ability to aggregate data across the housing sale means advisers can capitalise on the benefits of trading electronically. "For those advisers who have taken up our other point of sales systems this as a natural evolution," he notes.
The system has been piloted at Churchill Estates, and David Kade, mortgage department manager, is convinced it will save mortgage advisers time and money.
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