It said the Iress Mortgage Sales and Originations (MSO) platform will ensure the society is well placed to cope with future innovation, remove the need to re-key and bring the society increased agility in its marketing models to consumers and brokers.
Martese Carton, Leeds Building Society’s head of intermediary distribution, said greater automation of routine mortgage applications would free up underwriting and intermediary colleagues to deal with more complex cases as the society continues to focus on under-served borrowers.
Carton added that to integrate with existing systems, the platform’s introduction will be phased with testing over the coming months.
“Innovation continues to play a key part in our success as a lender and our investment in this new platform shows our commitment to future improvements to benefit both our members and intermediary partners,” she said.
Paul Thornton, Iress executive general manager of lending, said: “Developments such as open banking and increasing consumer demands for connectivity across the value chain and smoother engagements are driving change and it’s vital lenders can meet these expectations.”
Iress launched the next version of its Xplan software for mortgage brokers in March which included an eligibility checker for multiple lenders.
Iress has operations in the United Kingdom, Australia, New Zealand, South Africa, Canada, and Asia.