"By integrating Hometrack AVM searches within UTB’s bridging broker portal brokers can very quickly see if the property valuation is going to support the application they’re making"
The service enhancement enables brokers submitting enquiries and DIPs through the bridging broker portal to carry out a Hometrack AVM search 24 hours a day and to obtain an instant pass/fail indication as well as an accurate valuation at the point of submitting the enquiry to UTB.
UTB says the integration will speed up the production of terms and DIPS and allow brokers submitting ‘self-service’ applications to proceed quickly with greater speed, accuracy and certainty.
The Bank launched its Fast-Track bridging service at the start of 2021 with a dedicated team and simplified underwriting process designed to accelerate the turnaround times of straightforward bridging applications.
Gavin Diamond, director of bridging at United Trust Bank, commented: “At UTB we are constantly looking for ways to make bridging applications simpler, quicker and to give as much certainty as possible from early in the process.
“By integrating Hometrack AVM searches within UTB’s bridging broker portal brokers can very quickly see if the property valuation is going to support the application they’re making, enabling them to proceed quickly or rethink their options. We believe that this latest enhancement, especially when combined with our Fast-Track service, provides an unbeatably quick application, decision and completion process with offers made within 24 hours and funds available to draw just a few days later.”
