Exeter Family Friendly praises UnderwriteMe’s effectiveness

Published on

SimonPhilp

Exeter Family Friendly has seen immediate benefit after successfully integrating UnderwriteMe into its income protection buying process.

Since launching the new ‘Underwrite My Client Now’ route in September, 60% of applications using it have been offered an immediate underwriting decision.

“We were confident that integrating this cutting edge, rules based underwriting into our application process would have a positive effect for both advisers and customers and we’ve been delighted with the results so far,” said Simon Philp (pictured), director of distribution and marketing at Exeter Family.

“The straight through processing rate of 60% is fantastic and Underwrite My Client Now has proved nearly 3 times faster than the traditional routes as a result.

“The benefit for advisers is clear to see. No further questions to ask of their clients, no waiting, no more information to gather – just a buying process fit for 2015.”

Phil Jeynes, head of sales and marketing at UnderwriteMe, welcomed the results. He said: “Income protection is traditionally the most complex protection policy to underwrite, so for Exeter to be able to provide an instant decision to six in 10 applicants is fantastic and clearly demonstrates the power of the technology.”

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.

Latest articles

FORTO Finance launches with focus on expat mortgage market

FORTO Finance has launched in the UK mortgage and protection market following a pilot...

Just Mortgages appoints Gina McLaren as Midlands area director

Just Mortgages has expanded the management team within its self-employed division with the appointment...

Brokers value access to underwriters over slick technology

Mortgage brokers would rather have access to an underwriter than a sophisticated lender portal...

Imperial Chartered and Cornerstone golf day raises £11,000 for MNDA

Imperial Chartered and Cornerstone Finance Group have raised more than £11,000 for the Motor...

West Brom partners with Albion Foundation to expand community support

West Brom Building Society has become a principal partner of The Albion Foundation in...

Latest publication

Other news

Vulnerability and mortgage affordability: two sides of the same coin

Typically, affordability and customer vulnerability have sat in different parts of the business. Credit...

FORTO Finance launches with focus on expat mortgage market

FORTO Finance has launched in the UK mortgage and protection market following a pilot...

Just Mortgages appoints Gina McLaren as Midlands area director

Just Mortgages has expanded the management team within its self-employed division with the appointment...