E-AIP will allow brokers to produce a hard credit-backed IMO online within 15 minutes and sits in with the existing E-quote section of the commercial division’s online platform Broker Hub and features as an extension of the initial quotation process.
The service will be available to all Shawbrook broker partners and will allow brokers to communicate the challenger bank’s appetite to lend to their clients.
Karen Bennett, Sales & Marketing Director of Commercial Mortgages at Shawbrook, said she was very excited about the launch of the E-AIP function as it brought to fruition months of design.
“With less duplication, smarter system logic and an end result brokers can rely on, we believe the E-AIP function will make a huge difference to our business partners’ ability to service their Residential Investment clients.
“Whilst this latest improvement removes much of the manual element of the application process, our expert teams remain at the end of the phone to support.
“We are a business built on personal relationships and our technological improvements will always work in tandem with this core business feature.”
The launch of the new system comes a week after Shawbrook announced a record-breaking day ahead of the Stamp Duty deadline.
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