Smartr365 has announced the launch of a new strategic partnership with Experian.

Users of the end-to-end mortgage platform can now access Experian’s open banking and credit reference data on behalf of clients.

Smartr365’s HomeBuyer app allows customers to progress their applications on the go without the need for multiple logins or data entries. The app provides connectivity by sending customers’ information directly to their broker, which then begins affordability and credit checks without having to leave the Smartr365 platform.

The new partnership will streamline another step in the mortgage journey for brokers and borrowers, reducing both the time taken sourcing financial information and the disruption caused by switching between programs to carry out affordability and credit checks.

Smartr365 CEO, Conor Murphy, commented: “Everything we do at Smartr365 is geared towards the creation of a completely frictionless mortgage process. Waiting around for bank statements and credit reports has long been an obstacle for brokers, but it won’t be any more thanks to our partnership with Experian.

“We’re very excited by this step, but the work doesn’t stop here, and we look forward to increasing our collaboration in the future and providing even more value for our users.”
 
Experian director of data services, Lisa Fretwell, added: “Homebuyer expectations are changing. No longer are they satisfied with the traditional mortgage processes we’ve become so used to over the years – instead they’re looking for a quicker, seamless, and more convenient digital experience.

“By implementing Experian’s open banking solution into the HomeBuyer app, we can remove some of the pain points of old and help deliver a much smoother and stress-free home buying journey. We’re delighted to be working alongside Smart365 to do this.”

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