A collaboration between LifeTime Group, iPipeline and Twenty7Tech has enabled the launch of the UK’s first fully integrated mortgage and protection point of sale system, with full back office and portal functionality.
The new system, called ‘360 Lifecycle’, integrates front and back office administration processes, delivering efficiencies to brokers, according to a launch statement. It helps undertake product research, obtain quotes, and submit new business applications.
The groups said that clients will benefit from a sophisticated product recommendation experience.
The system also has a logical user interface which has been adapted specifically for the Mortgage Market Review, and is designed to “significantly” speed up the process between fact find and point of sale.
Mortgage sourcing technology developer Twenty7Tech will provide 360 Lifecycle’s mortgage sourcing. Protection quotations and new business capability will be supplied by iPipeline’s Assureweb portal.
Carlos Thiabut, managing director of LifeTime Group, said: “Previously there has been a disconnect between the sale of mortgage and protection products.
“However, the reality is that they are intrinsically linked, so it makes sense to offer brokers a system that provides best advice by both drawing on a comprehensive range of product and provider coverage, and maximizing the advantage of award-winning technology.”
In February, Pink network told all its advisers they must discuss income protection with their clients from their very first mortgage meeting.
Following Pink’s announcement, Aviva also called for income protection to form part of the mortgage process, stating that it is integral to any discussion that surrounds property lending.
ruth.gillbe@ft.com
