Metro Bank has updated its mortgage origination platform ahead of its launch into both the Shared Ownership and limited company buy-to-let sectors.
The upgraded platform was developed to streamline the mortgage application process and deliver an enhanced user experience for mortgage intermediaries and their teams.
Mortgage intermediaries will be able to request a day one valuation in more cases, rather than wait for the initial underwriting process to be completed.
Administrators will also be able to manage the application post-submission.
Charles Morley, director of mortgage distribution at Metro Bank, said: “This significant system transformation will help us to support a wider breadth of mortgage customer.
“We have worked hard on delivering a more efficient process and are confident that these changes will make a real and positive difference for mortgage intermediaries and their teams, creating a smoother customer journey.”
He added: “The transformation is a significant milestone in our journey and provides the foundation to be much more flexible in the markets we choose to operate in, including our new upcoming products for Shared Ownership and Limited Company buy-to-let markets.”
