Automated Lift Pass For SKIers INTENDED FOR PROFESSIONAL ADVISERS - - PowerPoint PPT Presentation

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Automated Lift Pass For SKIers INTENDED FOR PROFESSIONAL ADVISERS - - PowerPoint PPT Presentation

Dec 04, 2023 271 likes •384 views

Altus Life & Pensions Event Post Application Servicing Automated Lift Pass For SKIers INTENDED FOR PROFESSIONAL ADVISERS ONLY. NOT APPROVED FOR USE WITH CONSUMERS Paul Glynn Director of Sales 1 The Adviser Expectation

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SLIDE 1

Altus Life & Pensions Event

Post Application Servicing Automated Lift Pass For ‘SKIers’

INTENDED FOR PROFESSIONAL ADVISERS ONLY. NOT APPROVED FOR USE WITH CONSUMERS

1

Paul Glynn Director of Sales

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SLIDE 2

The Adviser Expectation…

  • Mortgage Solutions’ latest poll asked advisers whether

technical evolution is already upon us, with 32.3 % replying positively, whilst 43.9 % of advisers said that it is around the edges but nothing major yet.

  • 16.5% of advisers said no to the question ‘Is digital

technology starting to improve mortgage processing yet?’ whilst 7.3% could not give an answer.

Source: Mortgage Solutions 03/05/19

2

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SLIDE 3

Swapping Snow Shoes For Skis…

  • Automation/Consistency needed earlier in the journey
  • Prolific product innovation in the last 2 years
  • Sourcing support tools essential to help advisers drive

good outcomes

  • Inefficient Process - Products are replicated manually on

sourcing tools then automated in lender environment

  • UX improving but product comparisons still cumbersome
  • Features
  • Criteria

3

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SLIDE 4

Can We Learn From the Annuity Market?

  • Provider quote engine drives product and rate changes in

the external sourcing and research layer

  • Migrated from indicative to live guaranteed rates
  • Standardised questions to generate rates/KFIs
  • Industry definitions to support underwriting
  • Industry Standard XML – Quote & New Business
  • Matrix or single KFI
  • Indicate/Guarantee based on provider appetite for

inputs

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SLIDE 5

Technology Already Utilised In Processing

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SLIDE 6

6

fastpath faster loans

https://fastpath.more2life.co.uk

Automatic validation Signatureless Apps Automatic ID checks Instant val instruction Instant Legal instruction Faster loans + commission paid twice weekly

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SLIDE 7

7

fastpath faster loans

https://fastpath.more2life.co.uk

Fastest KFI Fastest App Fastest App > Offer

41s 4m38s 2h52m

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SLIDE 8

Our Challenge

  • Total integration across the customer lifecycle
  • New Loans
  • Further advances
  • AVMs incorporated
  • Standardised inputs across the whole journey
  • Less rekeying for the adviser
  • CRM
  • Criteria tools
  • Comparison/sourcing tools
  • Natural question flow across client search, research,

recommendation and application.

  • Improving adviser knowledge and removing barriers to entry

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SLIDE 9

QUESTIONS?

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SLIDE 10

THANKS FOR ATTENDING

Adviser Support: 03454 500 151 advisers.more2life.co.uk info@more2life.co.uk