Halifax has streamlined its mortgage and general insurance systems to make intermediary business easier it was announced today.
Halifax has introduced the new system after research found one in three mortgage brokers never trade general insurance, while another third do so only occasionally.
The new system will increase the speed and ease of completing applications by integrating general insurance and mortgage processes.
According to Halifax, the new system will mean Home and ASU quote and sale can be completed in less than one minute.
The integration of the mortgage and insurance processes will add three major features to simplify the application process.
Firstly, when a broker signs into the Halifax mortgage platform, the general insurance platform will also launch automatically.
In addition, general insurance fields will now be pre-populated, saving significant time when submitting business.
Lastly, home and mortgage repayment cover policies will be placed on risk when the HBOS mortgage completes.
Commenting on the changes, Jon Craven, head of mortgage intermediaries at Halifax General Insurance, says: "Halifax General Insurance has invested heavily in the intermediary channel over the last couple of years. We've listened to brokers and refined our products and systems to ensure simplicity of sale, a decent return for the broker and quality and value for the customer."
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