Coventry Building Society has become the latest lender to be added to Mortgage Brain’s new Submissions Brain platform.

Last week, Mortgage Brain officially unveiled its new Submissions Brain module, with the first standardised decision in principle (DIP) form covering all lenders who subscribe to the service.

Coventry Building Society has joined Halifax, Nationwide, Santander for Intermediaries, TSB, Accord Mortgages and Leeds Building Society as the seventh lender on Submissions Brain.

Submissions Brain allows brokers to capture and submit client data for residential mortgages to UK lenders using a single, standardised form, and the lender can automatically return a decision directly via Submissions Brain.

Mortgage Brain also confirmed that development is underway to expand this capability to buy-to-let applications.

Director of mortgage distribution at Coventry Building Society, Kevin Purvey, commented: “We’re really pleased to be joining this platform, making it even easier for brokers to work with us. Having everything in one place saves valuable time and removes a lot of paperwork – which means brokers can focus on supporting their clients.”

Sales and marketing director of Mortgage Brain, Neil Wyatt, added: “We were delighted to showcase the new Submissions Brain module last week and are delighted that Coventry Building Society is the first new lender, added to compliment those lenders that have worked closely with us to deliver this new streamlined journey.

“We look forward to further announcements in the coming weeks, and working with the team at Coventry Building Society to showcase the benefits of this solution to thousands of their intermediary customers.”

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