Origo has signed its 20,000th Unipass user as it recognises the growing need for e-commerce, particularly in the mortgage industry.
The standards body says with growing numbers of mortgage lenders also planning to use the service, Unipass now offers more benefits than ever to its users.
It says almost 60 per cent of existing users work in firms already authorised by the FSA to conduct mortgage related business, which is higher than most commentators believed possible, due to its roots in the life and pensions sector.
A recent survey of mortgage intermediaries, carried out by independent researchers Bdifferent for Origo, the importance of e-business to mortgage advisers and how better use of technology was apparent.
It said 85 per cent of those surveyed expect the amount of mortgage business they transact online to continue to grow in the future and 79 per cent said ease of dealing online was key to selecting the best mortgage product for their clients.
The survey highlighted that mortgage sourcing systems were crucial – 94 per cent use these to find the most suitable product for their clients.
Origo managing director Paul Pettitt says: “Reaching the 20,000 milestone is a great achievement for the industry and shows that ever more advisers are aware of the benefits of e-commerce.
An important consideration for the development of ebusiness in the mortgage industry is the need for better integration of products, and the introduction of Unipass as a standard log-in to websites will help streamline online processes.
Obviously though, better take-up by the industry will mean greater benefits for all concerned. We need a number of lenders to respond to the desires of the intermediaries by implementing UNIPASS, which will in turn encourage more advisers to go online and ultimately help drive use of their services.”