Bluestone Mortgages has announced the launch of its new digital platform, Bluesky.
The platform has been designed to allow brokers to submit a complex case within minutes making the application process more efficient and eliminating the need to rekey data.
Following a six-week pilot with Bluestone’s key Sapphire Partners, Bluesky is available to the whole market.
Bluesky provides brokers with a number of benefits to help them get credit decisions faster by utilising automation and Open Banking. These include:
Automated credit reports – Bluestone has reformed its broker portal technology to enable brokers to get a credit decision earlier on in the application process.
Reduction in processing times – Brokers will be able to accurately gather household expenditures using Bluestone’s Open Banking integration within minutes, saving them time while also providing more accurate customer information.
Committed expenditure automation – Bluesky will save brokers time when keying in an application by pulling through their client’s committed expenditure from their credit file.
These benefits have enabled Bluestone Mortgages to halve its average application to offer time from 17 days to eight days.
Reece Beddall, sales & marketing director, Bluestone Mortgages, added: “This launch marks an important milestone in our automation journey as we strive to deliver a seamless customer experience. This technology enables us to work smarter and faster, allowing us to dedicate more time to our holistic manual underwriting approach.
“We hope that by launching this platform we can encourage a greater uptake of Open Banking, to not only speed up the application journey for complex cases, but provide better outcomes for the end customer.”
