Promise Solutions has completed an integration with Precise Mortgages which allows it to receive instant underwriting and affordability acceptance on secured loans.

The master broker said the integration will remove the need to input data manually, making the process instantaneous.

Steve Walker, Managing Director of Promise, said: “The time saving for our team is also massive which is particularly important as the fact find and advice process is so much more time consuming."

Steve also said the two firms will be using similar technology to generate an instant mortgage illustration, ahead of next year’s introduction of the Mortgage Credit Directive (MCD).

“Precise Mortgages has been very pro-active in developing this new service and we are pleased that our close relationship and in-house IT team has allowed us to bring this benefit to the market first,” said Steve.

Simon Carr, Sales and Development Director at Precise Mortgages, said: “Our XML service allows master brokers to seamlessly run our decision in principle model which returns all plans a customer qualifies for whilst at the same time running our affordability model.

“The service also allows the firm to create a full application within our system and removes the need to rekey information they have already captured.

“The early adoption of this service will reduce the development time required to migrate to our MCD version in the first quarter of 2016.”