As part of our continuous efforts to enhance the BAT Software services and in collaboration with compliance provider IFAC, we’re excited to announce the release of the new Mortgage Suitability Auto-Report. This tool is now available on the auto-report writer and is designed to streamline the mortgage suitability process for brokers.
The report is highly adaptable, covering a wide range of scenarios including home reversion plans, lifetime mortgages, second charges, debt consolidation, and traditional home purchase mortgages. It’s a versatile solution for any mortgage case you may encounter.
How Does It Work?
Completing the mortgage suitability report is quick and easy. You only need to answer 50 questions, many of which are simple to complete:
• Half of the questions are multiple choice dropdowns or yes/no sliders.
• 12 questions are automatically filled in through a feed from your fact-find data.
• 14 questions simply require numbers, names, or dates.
• The only free-text section is a box to match the client’s aims and objectives with the product choice.
Our trials have shown that a reasonably skilled adviser can complete the questions in just 20 minutes, while a paraplanner unfamiliar with the case at the outset can do it in around 30 minutes. This is a significant time saver and part of BAT Software’s wider project to automate and simplify the back office operations of mortgage brokers.
What is not to like? Get started today and elevate your service offering.