MTE beats Origo in setting common mortgage standards

In a move which it claims could save the industry over £25m, MTE says 26 lenders - including Accord Mortgages, Royal Bank of Scotland, Alliance & Leicester, GMAC, Scottish Widows Bank and Halifax - as well as two packagers have already implemented systems capable of receiving and responding to keyfacts illustration (Kfi) requests as well as agreements in principle and accepting application forms using its electronic trading standards. The trading platform which owns Mortgage Brain, is also thought to be in discussion with around 15 other lenders about integrating their point of sale (POS)...