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.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...

Tipton expands Credit Plus range with second tier

Tipton & Coseley Building Society has added a second tier to its Credit Plus...

Property industry moves to speed up mortgage transactions

Lenders, conveyancers and estate agents are testing new ways of sharing property information earlier...

Latest publication

Other news

Propertymark warns Scottish mansion tax could restrict housing market

Propertymark has warned plans for a Scottish “mansion tax” could make it harder for...

Berkeley calls for stamp duty overhaul to kick-start housing market

Berkeley Group has called on the Government to slash stamp duty for first-time buyers...

Stronger UK growth adds to interest rate uncertainty

Stronger-than-expected UK economic growth has added another complication to the outlook for interest rates...