Nationwide has announced an API integration with end-to-end mortgage platform, Smartr365.

The integration of the building society’s API solution with the Smartr365 platform will mean intermediaries can submit customer decision in principle (DIP) applications without needing to rekey data in the Nationwide portal.

Initially available for the remortgage journey, the use of Smartr365 technology will save users up to one hour per application by automating the process. Once a customer has entered their personal data into the digital fact find on Smartr365’s HomeBuyer app, brokers will no longer need to key in customer data at any point in the process.

The technology offered by Smartr365 also includes automatic identification and verification capabilities, as well as automated income verification services.

Smartr365 is now integrated with almost 50% of the UK mortgage market, including Halifax, Barclays, Accord Mortgages, TSB, Leeds Building Society, Aldermore, as well as Nationwide.

“The integration of Smartr365 technology within the Nationwide API solution is another step in driving a more seamless, efficient, and accurate mortgage journey,” said Smartr365 founder and CEO, Conor Murphy. “Not only will the DIP API system provide a significant time-saving benefit for brokers, but also reduce the risk of human error, creating a better level of service for clients.

“By partnering with Nationwide, Smartr365 has brought its total product coverage to almost half of all UK lenders – a significant milestone for the company – but more importantly, evidence that the industry is committed to a crucial digital transformation.”

The use of digital automation by Nationwide will leave brokers with more time available for the advisory and application stages of the process.

Intermediary digital relationships lead at Nationwide, Andy Tilsley, added: “The digitisation of the mortgage journey has continued to move at pace in recent years, and today’s announcement reinforces our commitment to deploying the latest technology to help brokers.

“The use of APIs means that brokers no longer need to input their clients’ details into separate systems to progress an application getting a DIP faster than ever before. Technology is key to improving the service we offer brokers and their clients, both now and in the future, so we greatly look forward to extending our work with Smartr365.”

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