The eMortgage Forum, part of e-commerce standards group Origo, has today given the go ahead to create a standardised system for mortgage application, mortgage tracking and product data.
Origo says the new standards will complete coverage for the entire online mortgage sales process and help streamline data transfer between intermediaries and lenders. Standards for pre-offer KFI and application in principle were introduced earlier this year and the new standards are expected to be delivered by the end of Q2 2008. Aside from streamlining data transfer between lenders and intermediaries, which will enable straight through processing for mortgage sales, the new standards will have several other benefits. The standards will assist intermediaries in the tracking of applicati...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
