Shawbrook's digital application service celebrates most successful month
By Jordan WilliamsShawbrook's commercial mortgages team have observed a surge in popularity of its E-AIP digital application service among its panel of broker partners
Section: mobile apps categories
January 2017 has been the most successful month for the platform to date with 45% of applications resulting in a credit-backed IMO within 15 minutes.
The platform is available for specialist buy-to-let and commercial product applications and there have been 400 completions via the E-AIP since its introduction.
For brokers that are referred, Shawbrook aims to have an underwriter respond to the broker with an explanation within four hours.
Karen Bennett managing director of Shawbrook commercial mortgages said: “How can we make our brokers’ lives easier? It is a question that drives the Commercial Mortgages team within Shawbrook Bank and one of the main reasons we introduced E-AIP back in April 2016.
“The stats make it clear: the commitment of our Data & Projects team is having a positive impact on both broker and borrower.
“This is E-AIP at its best: innovative, user-friendly and increasingly intelligent.
Keywords: Shawbrook, commercial mortgages, Karen Bennett E-AIP, electronic agreement in principle, brokers, specialist lender, buy-to-let, commercial