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Mortgage Brain reveals new API sourcing system with multiple-DIPs development

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  • 19/06/2018
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Mortgage Brain reveals new API sourcing system with multiple-DIPs development
Mortgage Brain has announced the launch of its new sourcing system and the development of a multiple decision in principle (DIP) option.

 

The technology provider said its Lendex digital gateway will secure DIPs direct from lenders in less than 30 seconds.

It will allow brokers to digitally complete, submit (together with documents), administer and track full mortgage applications.

Mortgage Brain will also offer application programming interfaces (APIs) to the wider market on behalf of participating lenders, providing an alternative to lenders building their own APIs.

The firm also said a number of lenders had committed to being foundation partners who will work closely with it to deliver its multiple-DIPs technology.

The developments were shown to a group of 46 lenders last week.

Mortgage Brain CEO Mark Lofthouse, said: “We’re delighted with the tremendous vote of confidence and support from lenders who attended our events last week.

“We are looking forward to an exciting future, bringing these initiatives to fruition and delivering on our promises for the benefit of our customers and the whole industry, as we have done many times before.”

 

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