21 February 2007
Platform issues first same day offer
- Using AVM Technology and Click
online systems -
Platform, the intermediary lender of Britannia, is proud
to announce the delivery of its first same day mortgage offer using
AVM technology and its Click online systems.
The case - a conforming self certification remortgage – was
submitted by Peter Woods of Park House Associates and received by
Platform through its online decision tool,
clickdecision, at 6pm on Friday 16th February at
which point the application also passed an Electronic ID check.
After converting the decision into a full mortgage application via
the clickapplication facility, an unconditional
offer was given at 2:15pm the following Monday afternoon – a
turnaround time of just over five working hours.
Platform has recently signed an agreement with housing data and
information company Hometrack to provide Platform with AVM
technology to facilitate cases up to 75% LTV. Additional work
continues to facilitate higher LTV cases with the view to providing
instant online offers by the end of the year.
Paul Hunt, Platform’s Head of Marketing said: “We are delighted
to announce the occasion of our first same day offer using AVM
technology and our Click online systems and recognise that this is
the first stage in making the same day offer a typical experience
for our customers in the near future.
“As each day passes, we are building a greater understanding of
the technology and want to ensure our eventual instant online offer
proposition not only compliments our risk appetite but also matches
or exceeds our proven ability to deliver ‘best of breed’ online
solutions to our intermediaries.”
Peter Woods of Park House Associates said: “In an industry where
long winded paperwork can often hinder time to offer, it is
refreshing that a lender can offer a technological solution to
alleviate these problems rather than create them. I am delighted
with the results.”
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