Mortgages for Business uses robotics to automate BTL applications
By Martin GreenlandMortgages for Business has automated the buy-to-let mortgage application submission process with Kent Reliance and Paragon
Section: NEWS
The specialist BTL broker has adopted robotic technology, which has freed its mortgage advisers from a lengthy, manual task and has also improved turnaround times for customers.
The robot generates an AIP (agreement in principle) and, if good to go, proceeds with a full mortgage application.
“Recent advancements in robotics have helped us overcome some of the challenges we previously faced when trying to automate application submissions, particularly with lenders’ legacy systems,” said Mark Ryan, IT director at Mortgages for Business.
“We’ve invested heavily and have been working collaboratively with Extra Technology, the intelligent automation experts, since last December.
“Five staff members are now certified Advanced Automation Anywhere professionals, but all of our BTL advisers are successfully using the technology to submit applications to both Kent Reliance and Paragon.”
Mortgages for Business is now working to roll out the process with Precise Mortgages.
Keywords: Specialist finance, specialist lender, Mortgages for Business, buy to let broker, buy to let brokerage, buy to let mortgages, buy to let mortgages products, buy to let mortgage brokers, Kent Reliance, Paragon, OneSavings Bank, buy to let mortgage advisers