Shawbrook’s commercial mortgages team has announced that the E-AIP platform is now available for commercial cases.
This follows the launch of the E-AIP online service for residential investment applications in April. Since then, broker partners have submitted over £100m of business via E-AIP so far.
The commercial mortgages team has stated previously that the core aim of E-AIP is to drive speed and efficiency benefits for brokers and their clients, with a hard credit-backed IMO within 15 minutes being just one major benefit.
Other key objectives include giving brokers control over their digital application journey and the ability to access the system at a time and place convenient to them, as well as E-AIP acting like a digital underwriter by providing a firm lending decision for brokers’ clients.
Shawbrook has cited an average of 49% of applications resulting in an instant IMO between July 11th and August 5th – a significant uplift of 29% against the period 13th June to 8th July.
Emma Cox, sales director of Shawbrook Commercial Mortgages, said: “All Shawbrook teams are invested in developing the E-AIP service to become as quick, efficient and reliable as possible for our broker partners and their clients.
“Many of our brokers have benefited from the speed and convenience improvements which E-AIP makes possible. With the tireless work of our data & projects team to enhance the online case journey, along with the valued feedback of our broker panel, we are thrilled to expand E-AIP’s scope for commercial applications.
“We have conducted thorough systems testing to ensure the smooth delivery of this new resource. With developments to E-AIP ongoing, Shawbrook Commercial remains committed to driving technological improvements and smart system logic to our community of broker partners.”