PropertyPal Mortgages has partnered with eKeeper to launch its own mortgage pre-approval software and speed up the initial stages of its mortgage application process.
The mortgage arm of Northern Ireland’s leading property portal, PropertyPal Mortgages revealed it has incorporated technology from both eKeeper and Experian.
Within minutes, PropertyPal Mortgages indicated it can now complete ID checks, credit checks as well as affordability and eligibility checks across multiple lenders.
The partnership comes after eKeeper launched integrated Anti-Money Laundering (AML) and consumer credit reports, both powered by Experian, into its broker CRM in March earlier this year.
PropertyPal Mortgages managing director, Owen Peden, commented: “We wanted to build software that would allow users to accurately establish how much they could borrow and at what LTV band they will likely be accepted for a mortgage. Now we can essentially obtain a very accurate indication of pre-approval across multiple lenders within minutes.
“This information is invaluable to help the user establish a suitable price range and indicate the deposit required to meet the lender’s scorecard requirements. This also means that, with the user’s consent, when submitting a property enquiry, we can indicate to the selling agent that the user has been pre-approved for a mortgage relative to the price of the property they are enquiring about.”
eKeeper group commercial director, David Bennett, said: “We are thrilled to have developed and delivered this solution for PropertyPal. Its approach of blending different technologies into one digital experience demonstrates how modern mortgage brokers are approaching the challenges and demands of attracting, qualifying and servicing customers online.”
Experian managing director of data services, Lisa Fretwell, added: “As well as significantly improving the speed brokers can confirm eligibility, these checks will also help to safeguard people by ensuring they can access affordable products. This is particularly important at a time when finances may be stretched due to COVID-19.
“We're delighted to be working with PropertyPal Mortgages and eKeeper on what is an exciting development in the mortgage application process.”
Latest News
-
Third of UK adults relying on inheritance to fund retirement
-
Govt has failed to act on lifetime ISA recommendations – Treasury Committee
-
‘Fear of rejection’ biggest barrier for one in three aspiring buyers
-
FCA consults on unlimited contactless card payments
-
Tavistock acquires Lifetime Financial Management
-
Consumer finance new business grows 4% in July – FLA
The new episode of The Mortgage Insider podcast, out now
Regional housing markets now matter more than ever. While London and the Southeast still tend to dominate the headlines from a house price and affordability perspective, much of the growth in rental yields and buyer demand is coming from other parts of the UK.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
In this episode of the Barclays Mortgage Insider Podcast, host Phil Spencer is joined by Lucian Cook, Head of Research at Savills, and Ross Jones, founder of Home Financial and Evolve Commercial Finance.
The role of the bridging market and technology usage in the industry
Content editor, Dan McGrath, sat down with chief operating officer at Black & White Bridging, Damien Druce, and head of development finance at Empire Global Finance, Pete Williams, to explore the role of the bridging sector, the role of AI across the industry and how the property market has fared in the Labour Government’s first year in office.
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories