Magellan Homeloans, the specialist mortgage lender, has today launched a new mortgage portal named the Magellan Hub, which enables mortgage intermediaries to submit DIPs and full mortgage applications, in addition to tracking client cases online. The new portal, which is accessible at www.magellanhomeloans.co.uk, is a comprehensive end-to-end solution offering the following benefits:
- Online DIP’s
- Submission of full mortgage applications
- Electronic submission of supporting documentation
- Case tracking and status updates.
Simon Read, Managing Director Lending at Magellan Homeloans, said: “Whilst we pride ourselves on offering mortgage intermediaries and their clients a flexible approach to credit decisions it’s clear that an online submission process is a must in today’s mortgage market. Our new portal offers mortgage intermediaries the efficiency benefits that online technology can offer, whilst not replacing the human touch that intermediaries tell us is invaluable.”
“All applications will still be assessed by skilled underwriters and we won’t be using credit scoring. The portal will simply make the process of submitting an application and tracking its progress a lot quicker and easier.”
Sam Wright, Mortgage Adviser at Finance Advice Centre said:
“The launch of the Magellan Hub a modern broker portal, compliments Magellan’s competitive product range of specialist mortgages. As a busy firm of mortgage advisers, we welcome the opportunity to access these products more quickly and efficiently. Having used the Hub, there’s no doubt it greatly enhanced my user experience of dealing with Magellan.”
Mortgage intermediaries can obtain further information at: www.magellanhomeloans.co.uk/intermediaries
