Platform launches POSO offering through mte

The move comes as part of the lender’s wider integration with the platform and will allow intermediaries to access a full mortgage application, rather than just a key facts illustration (KFI) and application-in-principle.

Coupled with this move, mortgage advisers will be able to access the lender’s panel of solicitors to instruct conveyancing – the first time this has been possible through mte.

Sean McDonnell, head of e-commerce at Platform, commented: “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.”

Mark Lofthouse, CEO of mte, added: “The capability to deliver POSO 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.”

Mike Fitzgerald, sales director of Brentchase Financial Services, commented: “I like mte and the fact that it has one password for one system. It makes it easier to do business and this will certainly help Platform.”

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