Mortgage systems provider DPR has integrated its illustration API with the AiR Sourcing platform.
The integration provides intermediaries in the lifetime mortgage sector with lender-generated illustrations from equity release provider More 2 Life directly within the AiR system, with no re-keying.
DPR’s origination and servicing technology underpins all aspects of More 2 Life’s lending operations, from decision in principle and application processing to account servicing and finance functions. The platform already provides registered brokers with an online web portal where they can capture customer details and generate a compliant Key Facts Illustration (KFI). This latest integration takes the same functionality from the portal and makes it available from within AiR Sourcing itself.
Using the lender’s own calculation engine, product parameters and wording ensures that the information provided to the customer is as accurate as possible.
Dave Harris, CEO at More 2 Life, said: “As a company, we look to put the adviser and their clients at the heart of what we do. We believe in being easy to do business with. Innovations such as this which provide brokers with direct access to important function through DPR’s APIs from within the AiR Sourcing system help us live up to this ambition.
“Not only does it prevent customers being given inaccurate or incomplete information at the early stages of their journey but enables the advisor to react more quickly to new enquiries as theydon’t have to key and re-key customers information into the system.”
Phil Parker, DPR’s chief technology officer, added: “As APIs continue to mature and flourish in financial services, this is a great example of how technical innovation and collaboration can provide real world solutions that benefit consumers.
“Our team worked closely with AiR Sourcing and with More 2 Life to make sure we remained focused on the customer outcome and delivered a well-designed and robust solution for brokers that aligns with our wider API strategy.”