iState Systems has launched a broker portal for advisers to submit mortgage or insurance applications via a smartphone, tablet, or any internet connected device.
The portal, Apprivo, allows brokers to track an application throughout the process, to see any information outstanding and when a case is likely to complete. It also allows the adviser to track their clients’ payment history once a case has completed.
iState launched Apprivo last April, to enable customers to use their mobile phones to securely access their accounts with a lender or savings provider, send outstanding information and documents, of which they can take a photo on their mobile, transfer money from one account to another or complete a mortgage, credit card or insurance application.
iState said that the launch of the broker portal means every lender that uses Apprivo will now be able to give advisers access in a way that will improve communication between lender, adviser and client. It will also speed up application time and save money.
ADVISER VERDICT, ANTHONY COLLINS, MORTGAGE SPECIALIST FOR BUCKINGHAMSHIRE-BASED SALISBURY FINANCIAL SERVICES
“This is certainly not something that I would ever use. How would you feel if I was sitting in front of you in a mortgage interview and say, ‘I am just going to apply for your mortgage on my phone, what would you think?’ I don’t think it is necessary and it sounds a bit like a gimmick to me.”
Barry Yager founder and director of iState Systems, said: “This technology will revolutionise the way that advisers and lenders do business. It shortens the mortgage process, makes it much more cost effective and it will make communications between lender, adviser and client transparent in a way that has never been possible before.”
