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Article: Mortgage Lenders' Intermediary Web Site Study Identifies Technology Best Practices Driving Operational Efficiency.
- Article from:
- PR Newswire
- Article date:
- November 18, 2003
CopyrightCOPYRIGHT 2003 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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LONDON and NEEDHAM, Massachusetts, November 18 /PRNewswire/ -- - TowerGroup and Frank Eve Consulting Study Finds Real-time Agreement in Principle Loan Approval is Mission Critical
Real-time, Web-based technology has become indispensable for lenders to efficiently manage mortgage intermediary (mortgage broker) relationships, and for intermediaries to adapt to new Financial Services Authority (FSA) regulation in 2004, according to a recent study by TowerGroup and Frank Eve Consulting Limited. The study also finds that about half of all intermediary lending is now conducted online and that online intermediary lending accounts for 19% of total UK gross ...