em- goes live on POSD with GMAC-RFC

POSD is the automated decisioning system provided by GAMC-RFC that delivers online binding decisions within five minutes.

Simon Mouncher, Operations Director at em- said: "We feel that this is an important step forward, marrying the award winning online binding decision with all of the benefits of using a whole of market choice, generic application, valuation control, on site offer production and completions.’"

POSD removes the requirements for written references on the vast majority of cases, so speeds up processing times.

em- says it covers the whole lending spectrum including international and commercial mortgages and secured and bridging loans.