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

Fleet Mortgages joins LMS panel link

Fleet Mortgages has joined LMS Panel Link in a move intended to improve lender-law...

Coventry cuts residential and buy-to-let rates

Coventry for intermediaries has reduced selected residential and buy-to-let rates by up to 0.12%. The...

Halifax and Lloyds cut mortgage rates by up to 14bps across purchase and remortgage ranges

Halifax and Lloyds Bank have reduced rates across a range of first-time buyer, home...

Leeds appoints BDM to support Midlands brokers

Leeds Building Society has appointed Lee Nicholls as business development manager for the Midlands. Nicholls...

Paradigm calls for mandatory advice for first-time buyers

Paradigm Mortgage Services has called for mandatory regulated mortgage advice for all first-time buyers,...

Latest publication

Other news

Fleet Mortgages joins LMS panel link

Fleet Mortgages has joined LMS Panel Link in a move intended to improve lender-law...

Coventry cuts residential and buy-to-let rates

Coventry for intermediaries has reduced selected residential and buy-to-let rates by up to 0.12%. The...

Halifax and Lloyds cut mortgage rates by up to 14bps across purchase and remortgage ranges

Halifax and Lloyds Bank have reduced rates across a range of first-time buyer, home...