Virgin Money has announced a new API integration with mortgage technology expert, Twenty7tec.

The partnership will streamline the search and application process for intermediaries by removing the need to rekey data in multiple places.

Virgin suggested the integration will be the “first of its kind” from a top 10 lender. Users will be able to apply for a Decision in Principle (DiP) from Virgin via the integration with Twenty7Tec’s APPLY, and also submit a full mortgage application and make payments without needing to visit the Virgin Money portal.

The lender added that its integration will also reduce the propensity for human error, improving packaging and turnaround times for the intermediary and customer.

Virgin Money head of mortgage integration and transformation, Simon Wallace, said: “We have made no secret of our ambition to drive change and innovation in the mortgage market. This exciting partnership with Twenty7Tec will play a key part in achieving that goal.

“The APPLY platform will make it even easier for intermediaries to submit cases to us, saving them precious time, which could be better spent on helping their next client. We’re proud to offer our intermediary partners an end to end proposition, allowing them to submit both DiPs and full applications to Virgin Money.”

Twenty7Tec CEO, James Tucker, added: “Virgin Money has a great track record for innovating in the mortgage market and playing a huge role in delivering better customer service, so we’re over the moon to help them with this integration.

“As a result of this deal, Virgin Money customers will experience a seamless experience from beginning to end – something which the Virgin brand is so closely allied with. We’re proud to be their partner in making the mortgage experience a little better for everyone involved.”

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