Mortgage Brain has announced Virgin Money as the latest lender to join its multi-lender application and submission gateway, Lendex.
The mortgage technology expert’s system allows advisers to request Decisions in Principle (DIPs) or submit full applications directly through to lenders’ back office systems, via a single login, to provide advisers with an audit trail that meets compliance requirements.
Lendex is free for advisers to use and integration with Mortgage Brain’s sourcing and point of sales systems is also available for pilot users.
Virgin Money head of mortgage transformation, Simon Wallace, commented: “At Virgin Money, we are continuously looking to improve and enhance our digital offering.
“Our commitment to Lendex is recognition of this continued focus on embracing technology advancements to make life easier for our key intermediary partners. We look forward to working collaboratively with Mortgage Brain to bring this to market.”
Virgin Money follows the recent addition of Nationwide going live on Lendex, and advisers can also request DIPs or submit applications with Coventry Building Society, NatWest and Platform. Mortgage Brain suggested that further lenders are due to be added in the coming months.
“It’s clear that momentum is building behind Lendex, with another big mortgage market player coming on board in Virgin Money,” added Mortgage Brain sales and marketing director, Neil Wyatt.
“Lendex provides significant, tangible benefits to lenders and advisers alike by streamlining the mortgage process and improving efficiency across the board.”
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