Mortgage Brain has confirmed that Nationwide has joined its new multi-lender application and submission gateway, Lendex.
The mortgage technology expert said that intermediaries will be able to request a Decision in Principle (DIP) and submit full applications with Nationwide through the Lendex system as a result.
Lendex provides lenders with a quick, secure and affordable digital gateway to advisers and is available to all lenders, regardless of size.
The system is the latest step in Mortgage Brain’s drive to “digitally enhance” the mortgage process, providing advisers with infrastructure to digitally complete, submit, administer and track applications – while maintaining a fully compliant audit trail.
Nationwide director of intermediary relationships, Ian Andrew, commented: “Technological advances in all sectors increase people’s expectations of what they want from a business and it is important we continue to work with companies who are developing innovative solutions.
“Brokers play a key role in the lending the society does, so we are delighted to be part of the Mortgage Brain’s Lendex proposition, which should create further efficiency in the broker sales process.”
Nationwide joins Coventry Building Society, NatWest and Platform who are already live on Lendex, while Mortgage Brain indicated that more lenders are set to be confirmed in due course.
Mortgage Brain sales and marketing director, Neil Wyatt, added: “We’re delighted that Nationwide has joined the Lendex revolution. There is real noise across the industry about the capabilities that Lendex brings for both the lender and adviser communities, and this is only amplified when such a significant market player jumps on board.
“We are looking forward to seeing the difference Lendex makes to the mortgage process and the real and tangible benefits it brings.”
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