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Mortgage Brain launches latest Lendex integration

by: Mortgage Solutions
  • 16/03/2021
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Mortgage Brain launches latest Lendex integration
Mortgage Brain national account manager Geoff Webb confirmed the latest integration of the technology provider’s end-to-end mortgage application software Lendex will be released shortly on Mortgage Brain Anywhere.

 

Speaking in a Mortgage Vision presentation, Webb (pictured) outlined the software, which allows customers to input the fact find and limits re-keying of customer data, should minimise broker error and cut the 20 minutes or more spent by the majority of brokers submitting a full mortgage application.

The software currently offers four lenders – Nationwide, Virgin, Platform and Coventry BS – with more launches over the coming months.

In response to a question on when the big 15-20 lenders would all feature on the system, Webb said: “We are going at the speed of the lenders. We are banging on their doors to get them on as quickly as we can, but it’s down to the lenders and their pace of work.”

Lendex can submit an application directly into a lender’s system or produce a decision in principle (DIP) alongside a full compliance trail.

The software can be populated from The Key and is offered on Mortgage Brain Anywhere, according to Webb, but can also be used as a standalone product or tailored to another CMS.

Webb confirmed Mortgage Brain’s plans to integrate the Affordability Hub towards the end of Q2 this year at no charge to the broker, although the Criteria Hub integration will come with a fee, he said.

A document upload will be offered as part of the fact find said Webb adding that the broker could set a raft of checks for different client types, from self-employed to employed and add notes to clarify the form of the documents, then receive a notification once they arrive.

 

This is the fifth in the series of Mortgage Vision masterclasses, which will be available on-demand after the series ends on 25 March.

The next Master class will be at 11 am on Thursday 18 March from Leeds Building Society called New build and affordable housing – what’s coming down the track?

 

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