How to Easily Place Business with Mortgage Street Mortgages – A Step-by-Step Guide for Brokers
Looking to streamline the mortgage process for your clients? Mortgage Street has designed an easy, step-by step process for brokers to refer clients, secure custom mortgage quotes, and submit applications seamlessly. Here’s how you can place business with Mortgage Street Mortgages and help your clients get the best mortgage solution.
1.Submit Your Client’s Name, Mobile Number, and Email Address
Step 1: Start the referral process by submitting your client’s full name, mobile number, and email address via the Mortgage Street broker portal or through secure email.
Why it matters: Submitting basic details upfront saves time and helps us quickly begin matching your client with the right mortgage options.
2.Provide a Copy of Your Client’s Existing Mortgage Application
Step 1: If your client has an existing mortgage application form, you can easily upload it via the broker portal or send it via email for review by the Mortgage Street team.
Step 2: Make sure the application includes key details like personal information, property details, and employment status to ensure a swift review.
Why it matters: Submitting a complete application form allows for a faster review process and saves you from filling out duplicate information.
3.Complete the Customer Information Collection Form (MSt 001)
Step 1: After your referral is accepted, complete the Customer Information Collection Form (MSt 001), providing detailed information including:
Personal identification (driver’s licence, passport)
Income details (payslips, employment contracts)
Property details (purchase price, deposit)
Liabilities and assets (existing loans, savings)
Credit history (defaults, bankruptcies)
Step 2: Ensure all information is accurate to avoid any delays in the loan approval process.
Why it matters: Detailed customer information helps us assess eligibility faster, increasing the chances of securing the right mortgage for your client.
4.Request a Custom Mortgage Quote with MSt 003
Step 1: Once the customer information is submitted, request a custom mortgage quote through the MSt 003 form. This will allow us to provide tailored mortgage rates and terms specific to your client’s needs.
Step 2: Enter important details like the loan amount, loan type (fixed or variable rate), loan purpose (purchase, refinance, investment), and any special features like an offset account or redraw facility
Step 3: Mortgage Street will provide a custom quote that outlines the fees, interest rates, and loan terms best suited to your client.
Why it matters: A personalised quote helps ensure that your client receives the best possible mortgage offer tailored to their unique financial situation.
5.Submit the Full Mortgage Application to e-mms.ai
Step 1: After your client approves the custom quote, submit the complete mortgage application through the e-mms.ai platform.
Step 2: Log in with your broker credentials and fill in all required fields, ensuring that all supporting documents (e.g. ID, payslips, property details) are attached.
Step 3: Review the application for accuracy before submitting. Once everything is in order, submit the application through e-mms.ai for assessment
Step 4: Track the progress of the application through email updates and the broker portal
Why it matters:: e-mms.ai makes the mortgage application process quick and easy, ensuring faster approvals and a smooth experience for your client.