Mortgage Magic has developed and launched its own electronic identity verification (E-ID) technology.
The new technology is available as part of Mortgage Magic’s trading platform for brokers, which enables easy identity verification of their clients.
Mortgage Magic says it also makes the technology available to other customer relationship managers (CRMs) and procurement providers through an application programming interface (API).
Mortgage Magic’s solution covers all areas of the mortgage advisory process, including sourcing, conveyancing, general insurance and protection, among other features.
The cloud-based platform includes an integrated CRM system, electronic identity verification, direct messaging and UK-based, GDPR-compliant secure document storage.
It also allows business owners to manage and monitor business activities, provides qualified business leads, and has portals for business administrators, advisors, introducers, and clients.
Mortgage Magic director Tanjir Sugar said a key part of the process is customer identity verification, which he said “must be robust and accurate while being quick and easy.”
“We recognized that existing vendors did not provide the technology and functionality we needed for our platform and so we developed our own electronic ID system,” he adds.