View more on these topics

Platform is making progress towards Poso

Platform is likely to provide instant offers for brokers by the end of the year.

The lender last week revealed that it has delivered its first same-day mortgage offer using automated valuation models technology but wants to do even better over the next few months.

If it launches a point-of-sale offer, it will join lenders such as GMAC-RFC, BM Solutions and Edeus with Poso capability.

The same-day case was a conforming self-cert remortgage from Park House Associates and was received by Platform through its online decision tool Clickdecision.

Head of marketing Paul Hunt says: “We are delighted to announce our first sameday offer using AVM technology and our Click online systems and recognise that this is the first stage in making the same-day offer a typical experience for our customers by the end of the year.

“As each day passes, we are building a greater understanding of the technology and want to ensure that our eventual instant online offer proposition not only compliments our risk appetite but also matches or exceeds our pro-ven ability to deliver best of breed online solutions to our intermediaries.”

Park House Associates head Peter Woods says: “In an ind-ustry where long-winded paperwork can often hinder time to offer, it is refreshing that a lender can offer a technol-ogical solution to alleviate these problems rather than create them. I am delighted with the results.”

Recommended

Inertia Partnership goes into liquidation

The High Court has placed The Inertia Partnership LLP into liquidation after the East Sussex company assisted boilerroom operations which were unlaw-fully promoting and selling shares to UK consumers.

FSA warned over change to offshore listing rules

The Financial Services Consumer Panel has written to the FSA to say that their proposals to amend the stock exchange listing rules for offshore investment companies threaten to undermine investor protection.Last December, the Association of Investment Companies called on the FSA to reconsider its latest proposals on listing rules for investment entities, warning of the […]

FSA cracks down on another PPI firm

The FSA has continued its crackdown on the selling of payment protection insurance by imposing a public censure on Cathedral Motor Company for failures relating to its sales of PPI.Cathedral is a franchised car dealer which sells PPI on an advised basis to cover vehicle finance agreements but it failed to organise and control its […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com