Paper-Based Applications - A thing of the past?

A recent survey by Mortgage Strategy (one of Uk's leading mortgage industry publications) claims that 67% of brokers prefer online application systems over traditional pen and paper approach.

This statistic backs up the new trend for brokers to move on to a virtual solution for tracking and managing mortgage cases.  With more and more clients completing applications over the internet, the broker is able to work towards the goal of completing quicker with basic functions in the application process being replaced by automated facilities or email.  The post has been blamed so often in the past for delays regarding individual cases and as such an applicant can download what is required to sign, whilst other relevant information is passed on via advanced intranets to the broker saving time that can be better used sourcing lenders.

 

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