Westminster Savings Credit Union live with Marlborough Stirling's MorWeb

Source: Marlborough Stirling

Westminster Savings Credit Union has become the latest lender to begin accepting mortgage applications through MorWEB, Marlborough Stirling's mortgage origination system for brokers.

As a web-based service, MorWEB enables mortgage brokers to capture customer and property details and submit applications directly to Westminster Savings' broker centre, where credit decisions are made. Throughout the process, online file tracking allows brokers and underwriters to view the status of pending deals in real time.

Jonathan Dominy, Manager, Mortgage Development for Westminster Savings comments, "The technology that connects us to brokers is vitally important. It's fitting that on the fourth anniversary of the opening of our underwriting centre, we can say that technology has caught up to where we want it to be. We expect that MorWEB will bring significant benefits to our operations by improving the speed and consistency of our credit decisions and streamlining the flow of information between mortgage brokers and ourselves. This service provides the same level of consistency, reliability and stability that we pride ourselves on at Westminster Savings, and we look forward to realizing immediate productivity improvements."

Steve Bainbridge, Marlborough Stirling Canada's National Director, Mortgage Services, adds, "Having the support of Westminster Savings means a great deal to us. We are very pleased to have them on board not only because they are one of Canada's largest credit unions, but also because this marks another successful step toward establishing MorWEB as a front runner in the mortgage broker origination market. This confirms once again that MorWEB is real, it's live and its acceptance is growing."

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