BM Solutions Decides on Mortgages in 60 Seconds

Dunlap, Charlotte
January 2004
Bank Technology News;Jan2004, Vol. 17 Issue 1, p31
Trade Publication
Reports that BM Solutions has announced the One-Minute Mortgage service that promise a loan response to eight out of ten applicants in about a minute. Anticipation by mortgage lenders of new government regulatory requirements involving the issue of home mortgage closing costs; Advantage of brokers under the service launched by BM Solutions in mortgage business; Aim of BM Solutions on the improvement of Great Britain broker market.


Related Articles

  • Intermediaries to splash out on IT. Martin, Natalie // Mortgage Strategy;8/29/2005, p6 

    Reports on findings of the BM Solutions' study which showed that 39 percent of mortgage brokers in Great Britain are planning a technology upgrade. Increase in brokers' reliance on technology; Most popular areas for technology upgrades; Percentage of brokers who will adopt the broadband technology.

  • BM Solutions does U-turn on FTB loans over BTL 'gaming' concerns. Thomas, Paul // Mortgage Strategy (Online Edition);4/9/2014, p6 

    The article reports on the decision of buy-to-let company BM Solutions to reverse its policy to lend to first-time buyers (FTB) after only one month over fears that borrowers were allegedly attempting to game buy-to-let taking by living in the property. Comment from Phil Rickards, head of sales...

  • BM Solutions to fund Pink B2L exclusive.  // Mortgage Strategy;3/5/2007, p20 

    The article reports that Pink Home Loans has launched an exclusive buy-to-let product funded by BM Solutions. The deal tracks at base rates plus 0.39 percent for two years before reverting to base rate plus 1 percent with no early repayment charge and a maximum LTV of 85 percent. The new deal...

  • BM Solutions defends Mortgage Plus range. Milner, Leah // Mortgage Strategy;2/5/2007, p14 

    The article reports on the response of BM Solutions to criticism against its reduction of rates on its Mortgage Plus range in Great Britain. Reductions range by as much as 50 basis points, offering rates of 5.65% on its two-year fix, 5.99 % on its two-year tracker and 6.25% on its two-year...

  • Market watch. Cornell, Jonathan // Mortgage Strategy;4/10/2006, p23 

    The article focuses on developments in the British mortgage market as of April 10, 2006. Swaps closed the week down after reversing some of their recent increases. BM Solutions has launched a scheme whereby brokers can get paid for moving existing BM Solutions sub-prime clients onto better...

  • THE mortgage MOLE.  // Mortgage Strategy;8/7/2006, p74 

    The article reports developments related to mortgage loan servicing in Great Britain. The crew of Mortgage Strategy went bowling courtesy of Home of Choice. BM Solutions conducted a masquerade ball charity auction of several highly prized items including an opportunity to edit the "Mortgage...

  • How Mortgage Servicers Can Adapt Yet Again. Grimes, Lesley // Mortgage Servicing News;Jun2010, Vol. 14 Issue 6, p4 

    In this article the author discusses the broader scope of mortgage servicers's role in the financial services industry in the U.S. He delineates how servicers became data central for a whole host of constituencies. The author emphasizes the need to develop self-service portals along the lines of...

  • BMS stars rise in HBOS reshuffle.  // Mortgage Strategy;8/15/2005, p5 

    Reports on senior appointments announced by HBOS to its new business-to-business division, which brings together all intermediary and partnership businesses from retail, investment and insurance sectors. Appointment of Grenville Turner as division head; Appointment of Michael Bolton as head of...

  • Should sourcing systems be responsible for KFIs? McCarthy, Barney // Mortgage Strategy;8/15/2005, p21 

    Highlights the views of some mortgage industry insiders in Great Britain on whether sourcing systems should take responsibility for the accuracy of Key Facts Illustration (KFI) they produce. Association of Mortgage Intermediaries' census which revealed that 57% of intermediaries believe sourcing...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics