Mortgage Brain’s new multi lender application and submission gateway, Lendex, has received commitment from Halifax, Scottish Widows Bank and Birmingham Midshires to deliver an enhanced application process.
Lendex is being piloted in 2019 with a phased launch in 2020. Mortgage Brain claims it will enable an adviser to request a decision in principle and submit mortgage applications directly to all participating lenders’ back office systems with just one login.
Mark Lofthouse, CEO of Mortgage Brain, said: “We are delighted that Lloyds Banking Group has put their faith in Mortgage Brain to deliver. It is hoped that Halifax will be the first on Lendex followed by the other brands.
“There is a real buzz in the industry about unrivalled lender access and the capabilities that Lendex will bring for both the lender and adviser communities.”
Mike Jones, managing director, intermediaries and specialist brands, Lloyds Banking Group, added: “Our commitment to Lendex is recognition of our embracing technology advancements from a range of providers across the market. We look forward to working collaboratively with Mortgage Brain to bring this to market.”
Through Lendex, Mortgage Brain will also offer APIs to the wider market on behalf of participating lenders.