Teachers Mutual to speed up turnaround times

Brokers are set to have it a whole lot easier when it comes to submitting loan applications with Teachers Mutual Bank.

The bank has announced that NextGen.Net’s ApplyOnline Supporting Documents service is now available to its accredited brokers.

Teachers Mutual said in a statement that brokers will be able to take advantage of a number of new features, including convenient document upload, robust approval, a built-in serviceability calculator, real-time updates, product validation and easy resubmission.

“Brokers asked for a simplified process and we have delivered,” Mark Middleton, national manager of third-party distribution at Teachers Mutual, said.

“The upgrade will streamline the application process, allowing documents to be uploaded with ease. The result of this will ultimately be faster turnaround and approval times.”

NextGen.Net sales director Tony Carn said Teachers Mutual’s upgrade of ApplyOnline demonstrates its ongoing commitment to the third-party channel.

“ApplyOnline Supporting Docs provides a collaborative tool through which brokers can work with Teachers Mutual Bank to get supporting document requirements right up front,” he said.

“This significantly reduces requests for more information, increasing efficiencies and reducing turnaround times.”

[Related: Teachers Mutual launches new low-rate mortgage]

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