Trigold already has over 50 lenders available for electronic product transactions. The decision by the Coventry Building Society to join Trigold’s trading platform is due to the positive impact that technology has upon the placement and processing of mortgage business. The benefits of receiving electronic applications are considerable, and include faster decision making, reduced administration and quicker delivery of products to the market.
Commenting on the move, Martin Finegold, chief executive at Trigold, said: “It is a significant step forward to welcome a lender the size of the Coventry Building Society, and we look forward to working with them to provide further benefits to intermediaries. The Trigold community is growing fast, and recently we have seen numerous lenders and intermediaries showing their support of our system and signing up.”