TMB announces the launch of TMB Interactive

The new system will speed up the whole mortgage process. It will help intermediaries and packagers process cases more quickly and, in most cases will give an instant online decision with an immediate Agreement in Principle.

The new fast-track system is being rolled out to all intermediaries and packagers in May. It will give intermediaries the facility to process mortgage applications entirely electronically - with the facility to work both offline and online forms can be completed with minimum disruption and cost. TMB has introduced credit scoring for the first time so that straight forward cases can get an instant decision. More complicated cases will be referred to an underwriter.

With the new interactive service, TMB will be in a strong position to make the most of business opportunities in the new regulatory environment later this year.

Commenting on the advances, Bill Dudgeon, managing director, TMB said: "Converting an Agreement in Principle into a full mortgage application with TMB Interactive is quick and easy. With the use of advanced technology, TMB Interactive also offers a secure email service and real time case tracking which offers both peace of mind and quick delivery from the new service.

"TMB is an intermediary only lender and dedicated to working with intermediaries, IFAs and packagers to help streamline and speed up the mortgage process. We are excited about the online move and the new facilities this gives intermediaries. "

Key features of TMB Interactive are:

* flexible underwriting

* easy to use system

* fast mortgage decisions

* quick offer turnarounds

* facility to complete details offline saving online costs

* submission of applications anytime, wherever you are

* ability to instruct the valuer online

* email updates

* facility to track cases in real time

* product quotes and a flexible mortgage illustrator

* offers online completion

To register for TMB Interactive, log onto www.t-m-b.co.uk or call TMB on 08457 253 253 or contact your local Business Development Manager for a free copy of the installation CD.