Buckinghamshire Building Society has announced the launch of an enhanced application process that makes submitting a decision in principle (DIP) and application more simple for brokers.
The new process allows DIPs to be processed electronically through the society’s broker platform, Broker Online, and automates the link between the original DIP and subsequent application, preventing any duplication of keying.
Buckinghamshire said the system will keep brokers fully up to date on what stage each application is at, enabling them to keep their clients in the loop of the progress of their application.
The society is still manually underwriting all cases, allowing the lender to consider cases on an individual basis based on affordability and individual circumstances.
Buckinghamshire head of mortgage sales, Claire Askham, commented: “This upgrade project has been a passion of mine since joining in 2020. I strongly believe in the importance of making our brokers lives simple. I’m therefore delighted to see this come to life.
“Part of our ethos at Buckinghamshire is trying to resolve cases as quickly as possible and this new process, along with brokers submitting well packaged cases, will allow us to achieve that. We will continue to build on these foundations so look out for more improvements coming soon.”
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