Evaluate is the first of the new generation (3G) mortgage sourcing tools. It provides fast, accurate, complete answers for all of the lenders on a client's chosen panel.
This is achieved via integration with the lender's online decision engine where possible, or via a sophisticated model that is able to replicate any lender's decision criteria (post credit search).
Results are provided via an easy-to-compare Mortgage Comparison Matrix that:
- Displays all relevant information on all products that pass (including the list of documents that would be required to support the case to offer).
- May be saved as a PDF to demonstrate a compliant audit trail.
- Provides the user with the facility to sort via true cost for comparison or initial interest rate.
- Displays an explanation for enquiries that are declined by a particular lender.
Users of the system benefit in the following ways:
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Improved conversion from enquiry to application
- Driven by ability to go back to brokers / clients with a fast competitive quote every time.
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Improved conversion from application to completion.
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Driven by dramatic reductions in:
- Requirement to re-broke deals.
- Time from submission of initial enquiry to submission of application.
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Driven by dramatic reductions in:
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Improved client satisfaction
- For same reasons as previous point.
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Reduction in compliance risk
- Mortgage Comparison Matrix can be used to demonstrate rationale behind product selection.
- Reduction in mortgage placement costs.
Our solution automates a process that has historically required a scarce, specialist resource; the mortgage placement desk. It enables packagers to grow rapidly without the need to hire and train specialist staff. It enables brokers and networks to bring packaging in-house.
