Acre’s verification system collates and checks the case and client data required for each mortgage product. When combined with Acre, which uses Acre Software, the system brings data directly into lender platforms, eliminating the need to rekey data per decision in principle (DIP) or application.
The integration means that the case, client, and product are kept in sync. Acre claimed that this removed the risk of broker error and offered the only one-click DIP process on the market.
Acre said the integration would help it realise its ambition to reduce the steps between clients and the purchase of their home. It said that as Lender Connect continues to expand the lenders they support, the integration would be extended at no extra cost.
Acre, an end-to-end mortgage intermediary platform, claimed that bringing Iress Lender Connect onto the platform would help brokers deliver decision in principles (DIP) and accelerate lending to qualified borrowers.
Iress Lender Connect uses API technology to connect directly with lenders and automatically populates up to 90 per cent of a DIP and 60 per cent of a full mortgage application.
Since coming to market last year, Acre said it has helped brokers to secure mortgages for over 10,000 homebuyers. The company emerged from the Founders Factory incubator – an initiative in cooperation with Aviva.
Justus Brown, chief executive and founder of Acre, said: “Service is the key differentiator for brokers and the use of good technology is what drives this. We’re blending our groundbreaking tech with Iress’s long expertise and central market position to bring the future of mortgage technology to brokers. Acre provides a tightly integrated, easy to use process for brokers that eliminates re-keying, promotes good compliance and sources great deals. With us, brokers save valuable time and money and their clients can get into their homes quicker than ever before.”
“Acre’s proprietary technology supports mortgage journeys in their entirety – from CRM, lead capture and sourcing to fact finding, recommendation and application – saving brokers time and money whilst promoting better compliance, he added.