Short answer, YES
Last week our Case Management team submitted an application and received an offer from the lender almost instantly.
But how is this possible?
A number of lenders now have AI underwriting, meaning once you have completed the application and packaged the case, the system will review all the information instantaneously and if all is correct, an offer can be produced immediately.
Accuracy of information is vital for this process to work, as any mistakes will be identified by the AI underwriter and will result in a manual review. This will then significantly increase the time to completion.
Now, I am not saying you have to use Case Management for this to happen, but having someone that knows what the lenders want and is diligent in reviewing a case for all the required information before the application is submitted can really help.
Being able to tell an adviser what further information is required and being able to spot any errors, no matter how small, is vital in ensuring the application has the best chance of being accepted. This is all part of the service of the Case Management team and that experience can really help reduce timescales and prevent delays.
Then, once the application is submitted, they do all the chasing and ensure that you are kept in the loop until the case is completed.
Having someone take the reins for you not only reduces the workload on yourself but allows you to move on to new customers. This is the biggest benefit of using the Case Management team.
Just think how happy your customer would be if you were able to give them an offer as quickly as this.
If you need any further information, please contact the Compliance Department who will be happy to help.
Regards
Alan Baldwin
Director of Compliance
For any questions or queries, contact the Compliance Team
Call : 01708 676110
Email : compliance@connectmortgages.co.uk