Mark Boleat, the former director general of the Association of British Insurers, is the chairman of a new internet service for Independent Financial Advisers (IFAs) called Open Door Finance Services (ODFS).
The system offers online mortgage and remortgage sourcing, processing and tracking facilities for products available from a panel of lenders,
It enables IFAs to research the market, access a range of panel lender products and search alternative mortgage sourcing systems. Both the customer and their adviser can view the progress of any application at any time.
There is a “retry” facility for any rejections that allows advisers to submit fresh applications, using data already gathered, with a greater chance of success.
Conveyancing and valuations are part of the system. These are provided through online panels of solicitors and valuers with nationwide coverage.
Boleat said: “ODFS is a niche service, aimed specifically at helping mortgage intermediaries compete more effectively in today's challenging environment.
“It significantly reduces the hassle of the mortgage process, saving the hard-pressed adviser both time and trouble.
“The system's inclusion of online tracking is a major benefit for both advisers and their clients, enabling them to keep up-to-date with the progress of the
application.”
Hosted by comedian and actor Tom Allen, 34 Gold, 23 Silver and 22 Bronze awards were handed out across an amazing 34 categories recognising brilliance and innovation right across the breadth of UK general insurance.
