Platform first for mte POS

This joins the lender's KFI and AIP capability released in 2007.

The new application form will automatically pre-populate all necessary information obtained during the binding AIP process and can be used for the whole of Platform’s product range.

Sean McDonnell, head of eCommerce at Platform, said: “We have an ongoing commitment to developing our electronic trading capabilities and I’m sure that this enhancement to our mte proposition will prove to be the perfect solution to enable even more mortgage intermediaries to trade electronically with Platform.

“With speed and simplicity in mind the new application form has been designed so that it can be utilised for Self Cert and full status business, for both Buy to Let and Residential properties, as well as for purchases and remortgages.”

Over 70 per cent of the UK’s lenders and leading packagers are live on mte. It is now responsible for processing over £50 billion worth of mortgages per year, making it the industry's largest single delivery channel for mortgage placement.

Mark Lofthouse, CEO of mte added: “The capability to deliver point of sale offers to brokers via mte delivers better service and certainty to all in the mortgage application process.

" We’ve been working with Platform for some time now and to see its ongoing commitment to the technology is further testament that our common trading platform is the best solution for all concerned in the industry.

“Its new application form, with automatic pre-population of client data between systems, is a great time saver and with more and more intermediaries using the mte every day, I’m sure it will help Platform further increase its efficiency and business levels.”