New adviser platform to offer one hour mortgage approvals
A new technology platform for financial advisers is preparing to launch later this month and aims to reduce the mortgage process to as little as one hour.
"Advisers can connect introducers, clients, advisers and business processes and increase their volume of each."
Through the Smart365 SaaS platform, advisers will be able to see the value of every property in their client’s portfolio, along with their mortgage balances and equity.
They can also verify using DigiID and credit check via Call Credit, as well as gather bank statements, legal instructions and lender applications.
Smart365 says the real-time applications will result in a "dramatic reduction in inadministration tasks" and has already gathered support from E-Conveyancer and Hometrack, along with "two of the big four banks".
CEO Conor Murphy said: “Smartr365 will enable advisers to give smarter financial advice and grow their business at a much quicker rate. It’s all about empowerment through technology.
“Advisers will be able to keep track of their clients’ individual circumstances in real-time and be in a position to offer them the best financial products the moment they are available.
“Using our unique tools, advisers can connect introducers, clients, advisers and business processes and increase their volume of each. Our platform will also feature robo-advice, but with the objective of helping advisers rather than working against them.
“We know how invaluable an adviser’s role is in helping clients to get the best advice that enables them to make the best financial decisions. We're just making the whole process that much easier. We join up all parties - lender, broker, introducer and client – and offer the best solutions, plus so much more."
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