Exchange service for advisers

Amanda Jarvis

February 13, 2003

The service will enable intermediaries to meet the needs of a wider range of client profiles by giving them access to a panel of 11 lenders specialising in the non-conforming sectors such as sub-prime, buy-to-let and self certification.

Exweb Mortgage Packaging has been set up in association with Marlborough Stirling Mortgage Services, the mortgage business process outsourcing company jointly owned by The Exchange’s parent company Marlborough Stirling Plc and Egg Plc. It is integrated with Exweb mortgage sourcing which enables intermediaries to search and compare products from over 130 lenders. For non-conforming cases intermediaries can link through to the packaging service, which offers a range of product exclusives and an average time from application to offer of 13 days. If a particular case is proving hard to resolve the service includes a telephone based mortgage placement desk that will help the IFA place difficult cases within 1 hour.

By integrating with The Exchange’s existing mortgage services, Exweb mortgage packaging provides a one-stop shop for all types of intermediary operating in the mortgage market. The Exchange’s existing range of online mortgage services also includes conveyancing, credit referencing, purchase of household insurance and an exclusive range of Mortgage Payment Protection Insurance.

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