Nationwide Building Society is the first lender to adopt the Mortgage Trading Exchange’s (mte) “enhanced” mortgage application functions and capabilities.
As well as integrating with its credit score and back office systems, and pre-populating application data, Nationwide is now offering users of the mte enhanced case tracking capabilities and the ability to ‘scan and attach’ supporting application documentation.
Brokers using Nationwide’s new application forms via the mte can also reserve a mortgage for their clients via its Standalone Product Reservation feature as well as helping their clients select a solicitor from a simplified drop down process.
“We have been on a journey to transform our business and we have already delivered some major milestones of which our development of our mortgage platform has been a key part,” said Ian Andrew, managing director, group intermediary sales at Nationwide.
“I’m pleased to say our mortgage system is even easier to use, speeds up processing times, and demonstrates our commitment to the intermediary market. The mte application process has played a big part of this process and will no doubt help us to continue to deliver excellent customer experience.”