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

Eight companies linked to MFS placed into administration

Eight companies linked to the collapsed bridging lender Market Financial Solutions (MFS) have been...

Rental competition eases as demand falls

Competition for rental homes has fallen to its lowest level in six years as...

Insurers urged to strengthen pricing models

Insurers should prioritise improving the coverage and accuracy of their pricing models as competitive...

Hodge signs Mortgage Industry Mental Health Charter

Hodge has signed the Mortgage Industry Mental Health Charter (MIMHC), committing the lender to...

Mortgage Charter support used by more than 300,000 borrowers since launch

More than 300,000 mortgage borrowers have reduced their monthly payments since the government’s Mortgage...

Latest publication

Other news

Eight companies linked to MFS placed into administration

Eight companies linked to the collapsed bridging lender Market Financial Solutions (MFS) have been...

Rental competition eases as demand falls

Competition for rental homes has fallen to its lowest level in six years as...

Insurers urged to strengthen pricing models

Insurers should prioritise improving the coverage and accuracy of their pricing models as competitive...