The API means brokers can create a mortgage application and select deals, use UTB’s standalone loan and affordability calculators, run credit searches and obtain a decision in principle (DIP).
They can also upload documents needed for application and provide underwriting requirements, which are automatically linked to pipeline cases.
UTB said this “further accelerates the speed and ease with which brokers can access and apply for UTB specialist mortgage products”.
Buster Tolfree, director of mortgages at UTB, said: “We’ve always led from the front with technology, and this new upgraded broker API once again demonstrates our commitment to developing and investing in technology and processes [that] make life easier for brokers.
“Speed and efficiency remain two of the most important factors in completing successful mortgage applications for both brokers and customers, and I’m sure the increased functionality and improved usability of the API will be warmly received by our broker partners. The intelligent application of technology contributes to higher conversions and ultimately helps more customers achieve their property goals.”
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Last month, Warburg Pincus secured a minority equity interest in the bank.
