You are here: Home - News -

Exclusive: Twenty7Tec confirms first two lenders live on API-submission platform MortgageApply

by:
  • 13/06/2018
  • 0
Mortgage technology provider Twenty7Tec confirmed its first two lenders, Hinckley and Rugby and Bluestone, have gone live on its mortgage submission platform Mortgage Apply, allowing ‘one-touch’ broker-driven applications.

 

 

Brokers using MortgageApply can complete and submit applications to multiple lenders from one platform without re-keying client data or needing to use the lender’s portal.

The platform integrates lender and broker through an Application Programming Integration (API) connecting intermediary back office and client relationship management (CRM) systems to lender servicing and origination platforms.

Industry research suggests single key applications save brokers over 45 minutes by avoiding rekeying fact find information and logging in to multiple lenders’ systems.

Intermediaries can also submit documents, case notes, and receive status updates through to completion of the case on Mortgage Apply.

Bluestone is the first lender to achieve a full API integration of its decision in principle, application, document upload, case notes and tracking facilities via MortgageApply after under two months development.

However, Bluestone already had API integration with Online Mortgage Advisor, which went live in January.

 

User brokers

 

Twenty7Tec’s system, MortgageApply has already been rolled out to a number of firms within Mortgage Advice Bureau (MAB) with a wider roll out to all Twenty7Tec’s users by the end of 2018.

James Tucker, managing director at Twenty7Tec, said: “This marks a watershed moment for both Twenty7Tec and the wider intermediary community. The first real mortgage applications are now flowing through MortgageApply and the intermediary and lender partners already on board are starting to discover the true benefits of modern API driven systems integration.”

Tucker continued: “This is just the beginning of the journey however, and we look set to add at least one new lender a month for the remainder of 2018, with more announcements to follow imminently.”

Peter Brodnicki, CEO of Mortgage Advice Bureau (MAB), said: “Having backed James and the team at Twenty7Tec from the outset with Mortgage Apply the clear end goal, I am delighted that all their hard work and commitment is really paying off with consumers, intermediaries, and lenders all winners.”

He added: “This is a very important milestone in an exciting journey for us all, and I am delighted that MAB will be first to benefit from the integration with these lenders, with many more to come over the next 12 to 18 months.”

For more on how the system works, watch a series of short videos here.

There are 0 Comment(s)

You may also be interested in

Read previous post:
Richard Sexton
Sharp jump in approvals in May – E.surv

The latest mortgage monitor from chartered surveyors E.surv has suggested the mortgage market enjoyed “substantial growth” between April and May,...

Close