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

Model Office launches AI-powered client file review system

Compliance technology firm Model Office has launched an AI-powered client file review platform designed...

The Skipton cuts residential mortgage rates

Skipton Building Society will cut rates across parts of its residential mortgage range from...

NatWest commits £20bn to support growth across the North of England

NatWest Group has committed £20 billion over the next decade to support economic growth...

The Exeter team prepares for London to Paris charity cycle

Seven members of The Exeter’s distribution team will take on a 340-mile cycle from...

HSBC UK automates remortgage cases through LMS platform

HSBC UK has become the first lender to automate remortgage cases through LMS’s Decisioning...

Latest publication

Other news

Model Office launches AI-powered client file review system

Compliance technology firm Model Office has launched an AI-powered client file review platform designed...

The Skipton cuts residential mortgage rates

Skipton Building Society will cut rates across parts of its residential mortgage range from...

NatWest commits £20bn to support growth across the North of England

NatWest Group has committed £20 billion over the next decade to support economic growth...