The SMS Porthole - offers on line AIPs and applications from both Mortgage Trading Exchange (MTE) and Trigold's
Electronic Trading Centre (ETC) and is seen by SMS as the way in which brokers will want to do business in the
future.
The new SMS extranet allows access to all SMS lenders for the generation of KFIs from the lender websites and
product information.
Any document required in the mortgage process is also on the Porthole so that the intermediary has a one stop shop
to complete the mortgage in a safe and secure environment.
Explaining the advantages of electronic trading through the new extranet, Ian Balfour, C.E.O. for SMS commented,
"Obtaining AIPs via the Porthole is the easiest way for brokers to do all their business on line. The Porthole
allows brokers to see their AIP cascade through the SMS product offering to find the most appropriate choices for
their client and will allow them to see any offer conditions. The savings in terms of speed of the process as well
as the convenience of dealing through the Porthole are matched by the unparalleled facility for it to be a recording
facility of all the business transactions that take place between the broker and SMS. This will prove invaluable for
brokers as an additional audit trail in relation to current compliance requirements."