21 August 2017
visit www.avoka.com

BM Solutions offers £50 sweetener for online mortgage applications

20 January 2003  |  2368 views  |  0 BM Solutions offers £50 sweetener for online mortgage applications

BM Solutions, the online division of UK building society Birmingham Midshires, has launched its mortgage processing service with a promise to pay intermediaries an extra £50 on top of the standard fee for each online application that proceeds to completion.

The launch follows a successful pilot where over 1000 intermediaries pre-registered for the mortgage application and tracking service in its first four days.

The service has been designed to save time and money for intermediaries by offering real-time case tracking, product matching, client illustrations and finance tools.

Michael Bolton, director of mortgages, Birmingham Midshires, says: "We aim to have 20% of our mortgage applications processed over the Internet by the end of the year."

Graham Lee from the Independent Mortgage Centre was the first to process an online application on the site and says the case only took one and a half hours from submission to instructing the valuer.

In addition to the £50 sweetener, BM Solutions is also entering intermediaries into a prize draw for a Mini Cooper for every completed case submitted online.


Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Royal Bank of Scotland talks up online mortgage service

Royal Bank of Scotland talks up online mortgage service

11 December 2002  |  4264 views  |  0 comments
BM Solutions to add online processing to mortgage site

BM Solutions to add online processing to mortgage site

29 November 2002  |  1984 views  |  0 comments

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.dorsum.eudownload the paper now

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11119 views comments | 25 tweets | 23 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9348 views 0 | 5 tweets | 1 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
9328 views comments | 22 tweets | 28 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9096 views comments | 19 tweets | 23 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
8957 views comments | 10 tweets | 8 linkedin

Featured job

Find your next job