Mortgage Brain’s Lendex system rolled out to all advisers

Mortgage Brain has announced that its multi-lender application and submission gateway, Lendex, has been made available to all mortgage advisers following a successful pilot.

Lendex connects advisers directly with the back office systems of participating lenders, allowing them to seamlessly submit a Decision in Principle or full mortgage application through a single login.

The mortgage technology expert suggested its system leads to “dramatic time efficiencies and error reduction” for advisers, as they no longer have to log into individual lender websites and rekey information. Client documents can also be uploaded directly from Lendex to participating lender’s systems, with advisers able to track case progress.

Advisers can currently transact with Nationwide Building Society, Virgin Money, Coventry Building Society and Platform through Lendex, who between them account for approximately fifth of all intermediary business. Mortgage Brain indicated that further lenders are due to be added to Lendex in the coming months.

“It’s incredibly exciting to be able to roll out Lendex to the full market following a thorough and successful pilot period,” said Mortgage Brain sales and marketing director, Neil Wyatt.

“The brokers that have experienced the Lendex system have been effusive in their praise, having seen firsthand the real and tangible benefits that it has delivered.

“We are passionate about developing technology that can streamline the mortgage process and support advisers, and the fact that some of the biggest lending names are already on board demonstrates that they recognise the value of Lendex.”

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