Platform launches electronic ID to speed up applications

Platform, the intermediary lender of Britannia Building Society, claims the system will now automatically check the identity of mortgage applicants, rather than relying on the collecting of hard copy documentation by the intermediary or solicitor. If the ID is verified, an approved decision will be given and no further information will be required, but if the system is unable to verify an ID, an item will be added to the ‘Shopping List’ feature, which tells the intermediary what documents need to be provided with the application. The new system is also designed to meet the obligations o...