The widespread rollout will save brokers up to 20 minutes per case as they are able to pre-populate data from their client relationship management systems (CRM) systems to Accord’s MSO platform via Iress’ lender connect system, without the need to rekey duplicate information.
The lender said the launch of API technology marks a milestone in Accord’s digital transformation, helping brokers to submit decision in principles quicker and freeing up more time to spend with clients, something the lender hopes will encourage wider adoption from advisers.
Jeremy Duncombe, managing director of Accord Mortgages, said: “We’re really pleased to be rolling this technology out more widely after successful pilots demonstrated the benefits such a seamless mortgage application journey brings to brokers.
“Placing cases with us will be much more efficient and we’re looking forward to seeing more brokers benefit from this investment,” he added.
For Mortgage Brain, the move follows a successful pilot phase, carried out with Fluent Mortgages, bringing the lender tally up to five integrated through the Lendex platform.
Accord Mortgages joins Nationwide Building Society, Virgin Money, Coventry Building Society and Platform in ability to transact through the Lendex gateway, with further lenders set to join the system in the months ahead.
Neil Wyatt (pictured), sales and marketing director at Mortgage Brain, said: “Over the last few months we’ve seen a host of big name lenders enter pilot phases or go live on Lendex. There is no question that momentum is building behind the platform now, as the industry recognises how Lendex can provide significant support to advisers and improve the mortgage process for everyone involved.”