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Packagers give thumbs-up to instant offers

GMAC claims its point of sale system is proving popular with packagers.

It says the technology means packagers can save time and resources by providing offers for brokers in a few minutes.

GMAC says about 60 per cent of applications will receive instant offers, and this will increase over time.

Packager Enterprise Groups Michael Clapper says: We are seriously impressed with it. Offers that used to take two weeks are now achieved in 20 minutes. On the first day of pilot we delivered nine offers and the brokers were totally blown away. I’m convinced this will revolutionise the mortgage process in the UK.”

Partner Division director Roger Brown says: This is ground breaking technology that will change the face of mortgage processing today and in the future. Our system enhancements have been extremely well received and we will continue to deploy our system over the coming weeks.


Vertex to support Living Time

Vertex Financial Services has picked up a new business processing outsourcing contract providing a product administration platform end to end admin for Living Time. Living Time will launch a range of products underwritten by AIG Life into the UK’s retirement income market.Vertex says it is developing a retirement income version of its Virtual Life Company […]

Public not confident with NPSS choices

Seven out of 10 consumers say they would need advice on whether to stay in or opt out of the Government’s proposed personal accounts regime, says the Pensions Advisory Service. Its latest survey found that 78 per cent of respondents were generally in favour of the new scheme but 70 per cent would not be […]

Release deal for Tenet

Tenet has signed a deal with In Retirement Services to bolster its equity-release offering. The network has begun a pilot scheme this week, with business introduced to provider IRS, to allow its advisers that do not specialise in equ- ity release to have an avenue to place business through. If successful, it could give all […]

Choose life…

Sarah Scott  – Marketing Consultant, Royal London  This month sees the return of Renton, Sickboy, Begbie and Spud in the sequel to the film Trainspotting. Just over 20 years later, we return to see exactly how life treated the characters whose lifestyle was less than ideal back in 1996. Did they choose a job, choose […]


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