RBS raises profile on Mortgage Exchange

RBS Intermediary Partners (RBSIP) has unveiled an greater presence on the Mortgage Trading Exchange (MTE), which it claims will provide greater business efficiencies for intermediaries primarily around agreements in principle (AIPs), packaging and processing.

As part of the changes, credit scores will be validated by an upgraded decisioning system which RBS argues will mean fewer 'Refer' decisions. If a client's loan request cannot be met, they will be offered the maximum loan available. Clients who apply for a loan that is below the maximum available to them will be offered the option of taking the maximum amount.

The new presence will also boast speedier application completion, instant processing of correctly packaged applications, immediate underwriting as soon as an application is submitted and electronic updates, whereby brokers will be sent a response on MTE confirming the receipt of each application and outlining the next steps.

"The work we have done improving our MTE proposition is part of our continuing programme of technological enhancements in our quest to make it easier for mortgage advisers to do business with us," explains Chris Pearson, director of intermediary mortgages at Royal Bank of Scotland.

"Technology is without doubt one of the key tools for driving efficiencies in the mortgage industry which is why we will continue to dedicate resource to enhancing our performance in this area."

IFAonline