Accord Mortgages has confirmed plans to roll out new API technology as part of a move to make it easier for brokers to submit mortgage applications.

The intermediary-only lender revealed it will initially use the technology to give brokers the ability to pre-populate data from their CRM systems to Accord’s MSO platform via Iress’ Lender Connect system, avoiding the need for rekeying information.

The planned integrations during 2021 are expected to make the lender’s residential mortgage application process more efficient, saving brokers around 20 minutes per case. 

Following a successful launch with L&C Mortgages, as well as a further pilot with Quilter on Iress’ Xplan Mortgage, Accord is planning to introduce the technology more widely with three major sourcing systems –  Iress’ Trigold and Xplan Mortgage, Mortgage Brain and Twenty7Tec – during the first half of this year.

“Broker and lender integration has been topical for some time, but the last 12 months have brought this into even more focus,” commented Accord managing director, Jeremy Duncombe.

“We’re always looking for ways to improve our systems and processes to make things easier for brokers and are confident investing in this new technology will help them connect with us more effectively than ever before.

“Our MSO platform, together with API connectivity means placing cases with us will be much more efficient, and speeding up the time taken to apply for a decision in principle means brokers will have more time to spend with their clients.

“This is the next step on our digital journey and we’re looking forward to widening the roll-out of API integration to create a more joined up mortgage application journey for the intermediary market.”

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