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L&G helping brokers complete mortgage applications online

Brokers using Legal & General&#39s point-of-sale mortgage decision service are now able to complete the entire application process online.

A new system, goal:technology, from Focus Solution, is designed to speed up the completion process for mortgages and related protection products.

Customer information is collected and validated offline through each stage of the mortgage advice and application process. This is intended to save time and reduces errors by ensuring that only complete, correct applications and proposals are submitted online.

Data is keyed in only once and reused across all applications.

Director of business information systems Margaret Smith says: “We are constantly looking to extend the functionality of the sales solutions it offers business partners as well as IFAs. Doing more business electronically brings real benefits in terms of speed, efficiency and cost saving. It means we can roll out new products and handle incoming applications much more quickly.”

Focus Solution chief executive John Streets says: “We are very pleased to have extended the use of goal:technology beyond the life and pension market into the mortgage market for the first time with this agreement.”


&#39Name and shame&#39 on endowments

The Consumers&#39 Association is calling on the FSA to create league tables to name and shame companies whose endowment policies are likely to suffer shortfalls.It also wants reform of the financial advice sector to be put on hold until the FSA has addressed the issue of commission-driven sales.The consumer pressure group has written to FSA […]

Rathbones bonds with ethical investors

RATHBONES ETHICAL BOND FUND Type: Unit trust Aim: Income by investing in ethical investment-grade bonds Minimum investment: Lump sum £1,000, monthly £100 Investment split: 100% in ethical investment-grade bonds Yield: 6.2% gross a year Isa link: Yes Pep transfers: Yes Charges: Initial 4%, annual 1.25% Commission: Initial 3%, renewal 0.5% Tel: 020 7399 0399 The […]

Citibank in partnership with Charcol to launch mortgage service

The UK consumer banking division of Citibank is launching a mortgage service in partnership with broker Charcol. The Citibank Mortgage Service will provide clients with independent advice and exclusive deals on mortgages. It will offer larger loans, in the region of £1 million, and a dedicated phone line manned by trained advisers seven days a […]

Nationwide profits fall by third but lending share recovers slightly

Nationwide Building Society saw its profits plummet by £109m to £233m in the year to April 4.But it achieved a 3.1 per cent share of net residential mortgage lending, up from 0.2 per cent at the half-year but down from its 9.1 per cent share in 2001.The society attributes this growth to its fair pricing […]

Allianz Technology Trust – April 2017

Welcome to the latest update for Allianz Technology Trust PLC from the Trust’s portfolio manager, Walter Price. Portfolio review The Trust’s NAV returned 4.3% , outperforming the Dow Jones World Technology Index return of 2.8%. In US dollar terms, the portfolio gained 4.8%. During the month, stock selection contributed to relative performance, and industry allocation […]


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