Iress’ Lender Connect is a platform which links a lender’s portal to a broker’s customer relationship management system (CRM) with the aim of facilitating decisions in principle quickly.
Data is shared through application programming interface (API) integrations and is said to remove the need to re-key data, as well as reducing error rates, admin overheads and compliance oversight.
Iress expects TSB to gain access to over 15,000 mortgage brokers and multiple distribution channels through Lender Connect.
Upon its launch with TSB, brokers who use Iress’ existing technologies including Xplan Mortgage, Xplan and Trigold will be able to use them to connect to the lender’s Mortgage Pro platform.
Roland McCormack, TSB’s mortgages director said: “There has been lots of talk about how tech can deliver a streamlined end-to-end process. We believe 2020 will be the year that two-way connectivity really gains traction, and TSB is committed to supporting our broker partners.”
Andrew Simon (pictured), executive general manager of product at Iress, added: “This announcement is a huge leap forward for the mortgage industry.
“It marks a major step for Iress in its commitment to achieving mortgage connectivity for the market and builds on our strategic commitment to make it easier to write mortgages.”