Brokers changing how they communicate with lenders

Published on

Accord Mortgages says that intermediaries are opting to use its web chat service for one out of every five enquiries.

The lender launched its live web chat to expand its service to brokers, offering direct online lending guidance to complement the existing telephone service and support from its national team of business development managers (BDMs). In its first year, the web chat service has received nearly 20,000 visits and handles a fifth of all Accord’s broker queries.

There is an average of nine interactions during a single web chat conversation between Accord and a broker, with queries mostly relating to policy, income and documentation requirements. The highest volumes of web chat conversations tend to occur on Tuesdays and Wednesdays.

Accord found that the web chat service is the most popular amongst brokers who work remotely or in small offices, regardless of the size of the business, which means the service is used by a broad spectrum of intermediary businesses, from large corporate firms to independent brokers.

The popularity of the service is increasing, and 97% of brokers who have used the service said they would use it again.

David Robinson, Accord’s national intermediary sales manager, said: “We launched our web chat a year ago to expand the service we offer brokers, and I’m pleased that they’re benefitting from the service. Some brokers commented the web chat is a great alternative to contacting us via phone in certain circumstances, and our overall sales provision works cross-functionally to suit each individual broker’s needs.

“As a lender which is always striving to offer brokers the best possible service, we always welcome feedback – and the web chat service is proving very popular, with many brokers telling us it is a convenient communication tool which compliments their way of working, and that they benefit from receiving instantaneous responses.

“We recognise that brokers use different channels for different needs. We are dedicated to helping brokers to grow their business successfully, and believe that by providing a choice of communication options we can support intermediaries to work flexibility and efficiently.”

Latest articles

Black & White Bridging passes £250m lending milestone

Black & White Bridging has surpassed £250m in total lending, marking a key milestone...

Bridger named one of Best Places to Work for second consecutive year

Specialist short-term lender Kuflink has once again secured its place on the Sunday Times...

Nationwide trims home mover and remortgage rates

Nationwide is cutting fixed mortgage rates by up to 0.12 percentage points across selected...

Together completes £500m bond issue

Together Financial Services has successfully completed the issuance of £500 million in senior secured...

Assetz Capital backs final phase of 33-home scheme in County Antrim

Assetz Capital has completed a £705,000 development finance facility to support the final phase...

Accord raises lending limits and expands 95% LTV to new-build homes

Accord Mortgages has announced a substantial uplift to its maximum loan amounts, with increases...

Latest opinions

Seven things mortgage lenders can do to help landlords

As a mortgage broker, I receive countless emails from buy-to-let mortgage lenders boasting about...

Are you considering all product options for your customers?

Despite the ups and downs of the world’s money markets, today the UK Mortgage...

Execution-only or (Consumer) Duty of care? The FCA can’t have it both ways

Thankfully, there has been a growing amount of interest and analysis of the FCA’s...

The accessibility gap in mortgage tech — and why it matters now

In an industry built on trust and transparency, mortgage brokers can’t afford to overlook...

Professionalism, planning and portfolio strategy: the evolution of buy-to-let

I took part in a panel session in London earlier this month with some...

Rate cut momentum is welcome, but presents challenges for advisers

In recent weeks, we have seen a welcome shift in momentum across the mortgage...

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Other news

Black & White Bridging passes £250m lending milestone

Black & White Bridging has surpassed £250m in total lending, marking a key milestone...

Bridger named one of Best Places to Work for second consecutive year

Specialist short-term lender Kuflink has once again secured its place on the Sunday Times...

Nationwide trims home mover and remortgage rates

Nationwide is cutting fixed mortgage rates by up to 0.12 percentage points across selected...
Advertisement