SPML hails success of its online KFI

Amanda Jarvis

November 5, 2004

Stuart Aitken, SPML’s director of credit , said “We are delighted that user response has been extremely positive. Our web-based KFI was available before 31 October, allowing users access to accurate information from day one of regulation. Developing the capability to offer accurate and compliant KFIs to intermediaries has been a top priority for SPML in the run-up to Mortgage Day, and the quality of our online information is clearly being recognised in the market place in large numbers.”

Kelvin Cooper, director of Solent Mortgage Services said: “SPML’s electronic trading platform, including the KFI, is one of the best I have seen. It is easy to use and the Product Wizard in particular is accurate and very user friendly”. Matt Ricketts – compliance officer at Simply Mortgages Direct – said: “From the compliance point of view the SPML KFI is ideal, as it gives us accurate information and a paper trail and it has helped cut our workload”. Alex Slater of Solomon Lloyd Limited said: “The SPML KFI sets out accurately all the information we need, and it is easy to use as you can’t submit it unless it has been fully completed”.

The online KFI and Product Wizard are the first phase of SPML’s substantial programme of electronic trading developments, and further facilities are being planned over the medium term.

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