Mortgage Magic has developed and launched its own electronic ID verification (E-ID) technology.
The new technology is available as part of Mortgage Magic’s unified business platform for brokers, enabling simple verification of identification for their clients.
The platform provider is also making the technology available to other CRM and sourcing providers via an API.
Mortgage Magic provides brokers with a solution for running their business, covering all areas of the mortgage advice process, from sourcing, conveyancing, general insurance to protection and much more. The cloud-based platform features a built-in CRM system, E-ID verification, direct messaging and secure UK-based document storage that complies with GDPR.
It also allows company owners to manage and monitor business activities, provides qualified business leads and has portals for company administrators, advisers, introducers and clients.
Tanjir Sugar, director at Mortgage Magic, said: “With Mortgage Magic, we have created a comprehensive digital solution to empower mortgage brokers to run their businesses as efficiently and effectively as possible. It covers all areas of the mortgage advice process, from sourcing, conveyancing, general insurance to protection and much more. A key part of the process is clearly the verification of client ID, which needs to be robust and accurate at the same time as being quick and easy.
“We recognised that existing providers were not delivering the technology and functionality that we required for our platform and so we have developed our own E-ID system. This is now available as part of Mortgage Magic, and we are making the technology available to other providers through an API.”