Magellan Homeloans has launched Magellan Hub, a new mortgage portal which enables mortgage intermediaries to submit DIPs and full mortgage applications, in addition to tracking client cases online.
The new portal offers the following:
- Online DIPs
- Submission of full mortgage applications
- Electronic submission of supporting documentation
- Case tracking and status updates
Simon Read (pictured), managing director of lending at Magellan Homeloans, said: “Whilst we pride ourselves on offering mortgage intermediaries and their clients a flexible approach to credit decisions it’s clear that an online submission process is a must in today’s mortgage market. Our new portal offers mortgage intermediaries the efficiency benefits that online technology can offer, whilst not replacing the human touch that intermediaries tell us is invaluable.
“All applications will still be assessed by skilled underwriters and we won’t be using credit scoring. The portal will simply make the process of submitting an application and tracking its progress a lot quicker and easier.”