Leeds BS enhances online application platform

Published on

Leeds Building Society has made changes to Mortgage Hub, its online application platform.

The Society is removing the need for a physical signature on the Customer Declaration form, which no longer needs to be returned in its paper form, and all case requirement communications will now be contained within one email.

In addition, valuations will be instructed automatically on the first day of an application, potentially saving an average of five days compared to the previous process.

The Society also has introduced Automatic Valuation Modelling (AVM) on new purchases, which reduces the reliance on physical valuations for cases meeting the required criteria, further speeding up the application process.

Martese Carton, director of mortgage distribution at Leeds Building Society, said: “Saving intermediaries time and giving a great service is our priority, and these improvements have been shaped from latest piece of insight we commissioned.

“We knew Mortgage Hub would have a positive impact to our end-to-end application process and we continue to build on that foundation, having recently integrated the platform with major sourcing systems.

“The investment in our systems to date made a huge difference in 2021, giving us extra capacity to deal with our biggest ever year for mortgage applications and help more borrowers into their homes sooner.

“We’ll continue to build on our systems improvements and invest in our underwriting and BDM teams to make the experience for intermediaries the very best it can be.”

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

Badenoch pledges no IHT or stamp duty on family homes

Kemi Badenoch has pledged to remove inheritance tax from family homes and scrap stamp...

RICS: Housing market recovery falters as buyer demand weakens

The UK housing market lost momentum in September as rising interest rate expectations weighed...

Cost pressures hold back demand for energy-efficient home upgrades

More than a third of Britons want to improve the energy efficiency of their...

TPFG buys 25% stake in property and mortgage AI business Enteka

The Property Franchise Group (TPFG) has taken a 25% stake in Enteka AI as...

Property professionals back homebuying reforms, CSS poll finds

More than three-quarters of property professionals believe proposed changes to the homebuying and selling...

Latest publication

Other news

Badenoch pledges no IHT or stamp duty on family homes

Kemi Badenoch has pledged to remove inheritance tax from family homes and scrap stamp...

RICS: Housing market recovery falters as buyer demand weakens

The UK housing market lost momentum in September as rising interest rate expectations weighed...

If AI gives us more time to think, we must learn how to think well

The great promise of AI in financial services is usually expressed in terms of...