The multi-lender application lets brokers request decisions in principle or submit applications directly through to the lenders’ back office system.
Lendex has been developed by mortgage technologists Mortgage Brain. As well as Virgin Money, it has signed up Nationwide Building Society, Coventry Building Society, NatWest and Platform.
More lenders are expected to join this year.
“We continuously look to enhance our digital offering,” said Simon Wallace, head of mortgage transformation at Virgin Money.
“By committing to Lendex we are embracing technology advances to make life easier for intermediaries. We look forward to working collaboratively with Mortgage Brain to bring this to market,” he added.
Neil Wyatt, sales and marketing director at Mortgage Brain (pictured), said: “Momentum is building behind Lendex, with another big mortgage market player coming on board in Virgin Money.
“Lendex provides significant, tangible benefits to lenders and advisers, by streamlining the mortgage process and improving efficiency across the board.”
