Mortgage Express has launched a new initiative which will enable mortgage intermediaries to get their hands on a mortgage offer as soon as it becomes available.
The specialist lending arm owned by the Bradford & Bingley Group has decided to allow brokers access to clients' mortgage offers electronically.
This saves time and effort as the new system will generate an electronic offer as soon as a case is offered, Mortgage Express says.
Tim Sturley, head of business development explains: "Once Mortgage Express decides to make a formal mortgage offer, brokers will instantly be informed via e-mail. The process is then simple - all they have to do is access the individual customer's case summary to view the mortgage offer."
The electronic offer will be available in PDF format to ensure brokers will have a legally binding offer letter.
Greg Simmons, a mortgage broker working for Index Financial Services Ltd, says: "The fact that I can now access a formal mortgage offer electronically - not just a decision in principle - is absolutely fantastic.
"It saves time as I don't have to keep ringing to see if there has been a mortgage offer or wait for the offer to be sent through the mail," he adds.
For more info about Mortgage Express' electronic offers, go to www.mortgage-express.co.ukIFAonline
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