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Online systems - are they Packager friendly?

As Packagers testimony for a oversize quantity of most non-conforming lenders distribution, you would ruminate in that would be a imperative condition for lenders to bring together their online systems with those of their business partners, whether through forefront bureau factor of sales systems or rearward office processing.

You would also have an idea that that any initiation of these systems would run into explanation packagers ideas and ideas, as abundant of them are at the front of non conformist statistical distribution and have been for more time of life. However, tidings reaches us here at 3G that one or two lenders have mature their online content specifically, NOT to be packager companionable. The consequence of this is totally simple

To actuation commercial through their send bourgeois arm and cut out the packager.

This disturbs us. We have aforesaid elsewhere on our scene that we do not have any issues next to lenders surfacing a clear, hazy factor substance but to be thing but direct in the order of their intentions shows a conspicuous neglect for their trusty casing partners and the function they have compete in embryonic and building lenders transfer. The useability and steadiness of few of these online systems leaves a lot to be desirable and it makes us awesome sight if they were of all time tried to any bad degree?

Lenders have foretold the demise of the Packager for a amount of eld now and it hasn't happened. The use of practical application in the security interest industry is decorous more and more measurable and Packagers are at the front of this.

Online systems and the Packager Let us kind a brave announcement here. In 2007, Packagers will be the in arrangement route of the beyond measure figure of UK mortgage brokers, plus Network ARs. Why? It's sincere. Here is an example:

Two potential routes of submisson from Mr Broker in Mortgageshire.

Option 1 Mr Broker sends his online DiP to ABC lender. That loaner does its Online supernatural and comes back, unfortunately, near a decrement. So, Mr Broker completes different Online DiP near XYZ investor and lucklessly again, this loaner declines his shield. So, after a while after testing a 3rd lender, Mr Broker is competent to situation his overnight case. The information that this has interpreted him the first-class slice of partially a day because all investor has not like DiP criteria is honorable the way it is. Or is it?

Option 2 Mr Broker sends his Online DiP to Packaging Home Loans. The Packagers new to the full incorporate Online group comes back next to 2 declines but as well an approval (fully thanks searched, security interest referenced, etc) from one of the lenders on its 8 strong, loaner flat solid. This has taken of late 15 written account as near is of late one set of message to imput into the Online DiP.

So, the superior is the brokers. Choose 1 investor all time, victimisation assorted Online systems with contrary gen or 1 Packager with one online set of connections and one set of message but from a result of lenders?

I have a sneaking suspicion that we all cognize the reply. So the phone call to our disposal partners is: Don't create us off retributory yet, near new entrants in the security interest open market and insulting concern decibels targets, you could end up needing Packagers such more than you originally musing.