Software firm Mortgage Magic has launched its own electronic ID verification (E-ID) technology.

The new technology is available as part of the firm’s unified business platform for brokers, to enable the quick verification of identification for clients. Mortgage Magic is also making the technology available to other CRM and sourcing providers via an API.

Mortgage Magic’s software solution for brokers covers all areas of the mortgage advice process, including sourcing, conveyancing, general insurance and protection.

Alongside the new E-ID verification feature, the cloud-based platform features a built-in CRM system, direct messaging as well as secure UK-based document storage that complies with GDPR. It also allows company owners to manage and monitor business activities, provides qualified business leads and has portals for company administrators, advisers, introducers and clients.

Mortgage Magic director, Tanjir Sugar, commented: “We have created a comprehensive digital solution to empower mortgage brokers to run their businesses as efficiently and effectively as possible. It covers all areas of the mortgage advice process, from sourcing, conveyancing, general insurance to protection and much more.

“A key part of the process is clearly the verification of client ID, which needs to be robust and accurate at the same time as being quick and easy. We recognised that existing providers were not delivering the technology and functionality that we required for our platform and so we have developed our own E-ID system.

“This is now available as part of Mortgage Magic, and we are making the technology available to other providers through an API.”

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