TITLE

Summit themes point to partnership

AUTHOR(S)
Hollingworth, David
PUB. DATE
July 2006
SOURCE
Mortgage Strategy;7/3/2006, p29
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The author discusses the issues discussed during the second Mortgage Summit that was held in Jerez, Spain. Retention remains a key area for lenders to address with some lenders starting to reward brokers for their role in retaining borrowers through the payment of processing fees. Another issue raised was the development of online services of increasing sophistication that includes addition of automated valuations to online decision making, thus providing lenders the ability to provide almost instantaneous offers.
ACCESSION #
21698966

 

Related Articles

  • Be on your guard when trading online. Kirwan, Nick // Mortgage Strategy;7/3/2006, p39 

    The article discusses how insurers and brokers can avoid problems related to online sales transactions. The British Financial Ombudsman Service suggests keeping a record of the sale and the application form as an important part of the sales process and sending the completed application form to...

  • Lenders must prepare for the worst. Eye, Frank // Mortgage Strategy;7/3/2006, p60 

    The author advises mortgage lenders to also invest in automating the less popular end of the mortgage life cycle, which includes arrears litigation and repossessions. A rise in interest rates could result in the spiraling out of the repossession functions unless companies have invested in...

  • 'Computer says no' stance slammed. Martin, Natalie // Mortgage Strategy;7/3/2006, p10 

    The article reports that mortgage brokers have criticized Halifax for changing a client's credit score after the agreement in principle (AIP), which resulted in the customer losing out. According to Bates Financial Services principal Steve Bates, he completed an online AIP, which was accepted at...

  • Fast is not always best for clients. Laker, Sally // Mortgage Strategy;11/5/2007, p57 

    The author reflects on the ease that automation brings to the mortgage industry in Great Britain. She also contemplates on the tendency of mortgage brokers to deviate from observing quality service and customer protection. She asserts that quality service should not be sacrificed over the...

  • Six Things to Consider. Smith, Greg // Broker Magazine;Jun2006, Vol. 8 Issue 5, p74 

    The article offers pointers to technologically progressive lenders wanting to improve the loan process for their mortgage brokers. Submission of loans should be made simple. Immediate online access of mortgage brokers to all mortgage documents anytime and anywhere is also important. Moreover,...

  • CML says house orices are set for soft landing. Phillipps, James // Money Marketing;1/20/2005, p17 

    Reports that the housing market is heading for a soft landing rather than a 1990s' style crash, according to the Council of Mortgage Lenders in Great Britain. Slowing down of house price growth; Lack of significant month-on-month declines in house prices; Indication that a sharp price collapse...

  • Remote control. Thomas, Paul // Money Marketing;5/26/2011, p38 

    The article reports on the control of credit through the reduction of loan-to-values (LTVs) and its association to volatility in the housing market in Great Britain. It notes mortgage brokers' rejection of the suggestion that LTV ratios should help curb market volatility in the country's housing...

  • Competition is hot and borrowers are winning. Culhane, Mike // Mortgage Strategy;7/3/2006, p30 

    The article discusses how competition in the mortgage market is benefiting borrowers in Great Britain. The entry of more lenders in the market has pushed lenders to innovate in a number of areas from product design to broker service and funding techniques. This boosted the sophistication of...

  • The way ahead. New, Roy // Mortgage Strategy;7/10/2006, p48 

    The article discusses how mortgage sourcing systems can help sole brokers to navigate their way through the complex and extensive web of mortgage schemes available in Great Britain. These systems also have plug-ins to life insurance, conveyancer, general insurance, and consumer credit check...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

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

Try another library?
Sign out of this library

Other Topics