Mortgage Magic has developed and launched its own electronic ID verification (E-ID) technology.

The new technology is available as part of Mortgage Magic’s business platform for brokers, which enables easy verification of identification for their clients.

Mortgage Magic says it is also making the technology available to other customer relationship managers (CRM) and sourcing providers via an application programming interface (API).

Mortgage Magic’s solution covers all areas of the mortgage advice process including sourcing, conveyancing, general insurance and protection, among other features. 

The cloud-based platform features a built-in CRM system, E-ID verification, direct messaging and secure UK-based document storage that complies with GDPR. 

It also allows company owners to manage and monitor business activities, provides qualified business leads and has portals for company administrators, advisers, introducers and clients.

Mortgage Magic director Tanjir Sugar says a key part of the process is the verification of client ID, which he explains “needs to be robust and accurate at the same time as being quick and easy”. 

“We recognised that existing providers were not delivering the technology and functionality that we required for our platform and so we have developed our own E-ID system,” he adds.