Member Article

Enterprise Finance launches new MCD-compliant broker portal

Leading master broker, Enterprise Finance, today announced that its new broker portal, Apex, has been live since the 4th of January and has been rolled out to the market and accepting new business since Monday 21st March.

Apex is an end-to-end, integrated system that allows users to source a loan or refer a potential client to Enterprise, as well as real-time online case tracking and case completion. It is a fusion of the best-in-class sourcing capabilities of Twenty7Tec, and a case management system designed around Enterprise Finance’s 15 years’ experience in broking and underwriting second charge mortgages, bridging finance and complex buy-to-let mortgages.

This represents a one-stop-shop for sourcing, referral and completion of specialist mortgages, in an intuitive, easy-to-use system. One-time data entry gives whole-of-market access for direct sourcing of second charge mortgages, or brokers can refer to the Enterprise Finance team in the click of a button. Brokers can get quick comparative quotes, apply or refer cases, scan and upload any documents they have instead of posting, and receive email case progress alerts as well as reviewing status online.

Timed to be ready for the arrival of the European Mortgage Credit Directive, the system has been designed with compliance built-in. It will feature automated production of mortgage illustrations, online documentation to demonstrate suitability of recommended products and an evidence of research tool to satisfy Network compliance needs. This not only makes transactions quick and easy, but also safer and with a lighter burden of associated compliance administration.

Harry Landy, Sales Director at Enterprise Finance, said: “Apex is a huge step for us, as part of our commitment to making specialist mortgage broking as easy and as financially rewarding as possible for our broker partners. It gives our sales team and our underwriters the capacity to match expected business growth in the post-MCD world, at the same time as revolutionising the experience our brokers have with us.

Brokers will no longer have to waste their valuable time calling us just to chase progress and to get visibility over their cases. Instead they can focus discussions with us on ensuring the best outcome for their clients. Further, Apex is fully set-up for compliance, taking the pain and cost out of the advisory or referral process.

Finally, this is just the beginning. Over the coming months we’ll be rolling out a continuing programme of new features to make Apex an even more powerful tool, such as capability to source 1st charge quotes for comparative purposes.“

James Tucker, Managing Director of sourcing developers Twenty7Tec, commented: “We are delighted to have been chosen by Enterprise Finance to power the sourcing capabilities in their new Apex system. We have worked with the team at Enterprise on this project for some months now, and it’s clear that they intimately understand the way that technology can be used to drive the best possible outcomes for both intermediary and end client”

This was posted in Bdaily's Members' News section by Property Editor .