The new service will see brokers only having to re-key minimal data into the Nationwide for Intermediaries online portal as up to 95 per cent of the client’s data will transferred from their customer relationship management data via Twenty7Tec’s APPLY platform, due an update of its application programming interface software.
In March 2020, the mutual launched its pilot application programming interface with Twenty7Tec’s APPLY platform for standard remortgage decisions in principle. This latest update will allow brokers to now process both standard purchase and remortgage decisions in principle.
The lender says it plans “to expand the service in the near future to allow brokers to process all mortgage application types”.
It adds that the new service is currently only available to Connells Group and Mortgage Advice Bureau brokers using APPLY, but says “a wider market launch is planned with other customer relationship management platforms shortly before a full roll out is completed in the coming months”.
Nationwide Building Society intermediary digital relationships lead Andy Tilsley says: “We continue to develop and deploy the latest technologies to help us enhance the service we offer brokers making it easier for them to do business with us.
“The use of application programming interfaces means brokers no longer have to input their clients’ details into separate systems to progress an application with us.
“By expanding the solution to include standard purchase and remortgage application types, brokers can now save time on more of their cases and get a decision in principle faster than ever before. Technology is key to improving the service we offer brokers and their clients both now and in the future, which is why we continue to look at expanding our application programming interface proposition further.”
Twenty7Tec director of customer relationships Nathan Reilly adds: “Advisers will now be able to benefit from a more efficient submission process across an increased number of cases, while for the market it’s a real positive to see Nationwide responding to intermediary feedback to improve existing technology and deliver even more value.”
