Woolwich computer system produces mortgage offer in 18 minutes

Aaron Strutt Image
Woolwich's new online broker mortgage submission system is so efficient that it is producing mortgage offers in minutes, rather than days or weeks. According to the bank they have issued a mortgage offer in 18 minutes. Woolwich, the broker lending arm of Barclays, has substantial mortgage lending targets and their new system plays an important part in offering large sums of money quickly and efficiently. Aaron Strutt, product manager at Trinity Financial, says: "Providing the mortgage broker uses their system correctly, the client meets the minimum acceptance criteria and all of the required documents are submitted, the offer should be issued quickly. Thousands of their mortgages are already being issued in under a day." June 27, 2013
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