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Capita offers mortgage software to brokers

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Capita is to offer mortgage software to the broker market for the first time following its work with Tesco Bank in the development of its new intermediary portal.

The technology firm has been working with Tesco Bank since 2012, providing a full mortgage outsourcing service as part of Tesco’s direct to consumer model across web and telephony channels.

Tesco Mortgage Intermediaries uses a portal based on Capita software and offers brokers searchable lending criteria, the ability to scan and upload documents and to track the status of applications from any device.

The portal is being serviced from Capita’s retail banking office in Glasgow and aims to provide ease and convenience to intermediary partners, allowing advisers to contact the lender by phone, online or using the webchat functionality.

Other functions of the portal include a single view of all pipeline cases and instant decisions in principle. Specific log-in profiles allow support staff to access individual cases and complete the registration or view progress.

Managing director at Capita Mortgage Software Solutions, Jon Peart, said: “The broker portal aims to make doing business easy and efficient – giving a great experience to both the IFA and the end consumer in terms of the facilities it offers to make the process intuitive and quick.

“The principal requirements were defined by intermediaries for intermediaries – we listened to the feedback directly from our customers and tailored the software accordingly. For example, if a broker has to rush off to see another client, the stop and save technology allows a current case to be saved and retrieved at any point by the broker from any device.”

Products director savings, loans and mortgages for Tesco Bank, Julian Hartley, said: “The new broker platform has been specifically designed to help brokers provide a great service to customers remortgaging or purchasing their home.”

Risk Warning:

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Paul

The author Paul