The Mortgage Works has made its Decision in Principle (DIP) and Full Mortgage Application (FMA) forms available to all users of the Mortgage Trading Exchange (mte).
The new forms will be automatically pre-populated with client and product information already held on an intermediary’s database. The AIP request or application is integrated directly with the lender’s head office systems, including third party credit scoring. This allows responses to be received in less than a minute, the firms claim.
Larry Banda, managing director at The Mortgage Works, said: “The platform [mte] is a hugely popular channel for mortgage placement in the UK and I am delighted that we can now offer intermediaries a choice of both TMW online and the mte for submitting applications to TMW.””
