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The MFAA has announced a partnership with a new smartphone app designed to help brokers manage the compliance process with borrowers and lenders.
EasyDocs Mortgage will use tailored software that helps brokers coordinate the collection, filing and packaging of client-supporting documentation and aligns it to the selected lender’s requirements.
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The app recognises each lender’s requirements, so it can advise which client documents are needed for the loan to progress and alert the broker of any gaps in the checklist.
MFAA chief executive Siobhan Hayden said EasyDocs will assist time-poor brokers in capturing, storing and managing supporting documentation.
“Our focus is on identifying solutions that deliver continued growth and efficiency for a broker business,” she said.
“The MFAA’s new EasyDocs Mortgage app has many time-saving and savvy functions that can reduce loan processing time.”
EasyDocs chief executive Chris Wrightson said MFAA members had provided both praise and advice on changes required to suit their daily operations.
“Based on this feedback, we are currently adjusting the operational software so that it is customised to suit any broker situation immediately on release,” he said.
The app is planned to be released in the new financial year, but brokers can apply for a one-month free trial by registering on www.easydocs.mortgage.
