Following a pilot, Mortgage Brain has made Lendex available to all mortgage advisers.
Lendex is a the multi-lender application and submission gateway, which connects advisers directly with the back office systems of participating lenders, allowing them to seamlessly submit a Decision in Principle or full mortgage application through just a single login.
Client documents can be uploaded directly from Lendex to participating lenders’ systems, with advisers able to track case progress.
Advisers can currently transact with Nationwide Building Society, Virgin Money, the Coventry Building Society and Platform through Lendex, who between them account for around a fifth of all intermediary business. Further lenders are due to come on board with Lendex in the coming months.
Advisers can access Lendex via MortgageBrain Anywhere or CRM system The Key, both of which enable users to pre-populate information directly into applications. Alternatively, advisers can benefit from the Lendex functionality directly through the Lendex user portal.
Neil Wyatt, sales & marketing director at Mortgage Brain, said: “It’s incredibly exciting to be able to roll out Lendex to the full market following a thorough and successful pilot period. The brokers that have experienced the Lendex system have been effusive in their praise, having seen first-hand the real and tangible benefits that it has delivered.
“At Mortgage Brain we are passionate about developing technology that can streamline the mortgage process and support advisers, and the fact that some of the biggest lending names are already on board demonstrates that they recognise the value of Lendex.”