With the Smartr365 HomeBuyer app, customers can progress applications without the need for multiple logins or data entries, and send information directly to their broker, who then begins the affordability and credit checks without having to leave the Smartr365 platform.

Open banking services through Smartr365 will be available to all users soon, with access to credit reports scheduled for release in July, and a number of lenders are already accepting Experian-branded bank statements.

Conor Murphy, chief executive at Smartr365, said: “Everything we do at Smartr365 is geared towards the creation of a completely frictionless mortgage process.

“Waiting around for bank statements and credit reports has long been an obstacle for brokers, but it won’t be any more thanks to our partnership with Experian.

“We’re very excited by this step, but the work doesn’t stop here, and we look forward to increasing our collaboration in the future and providing even more value for our users.”

Lisa Fretwell, director of data services at Experian, added: “Homebuyer expectations are changing. No longer are they satisfied with the traditional mortgage processes we’ve become so used to over the years – instead they’re looking for a quicker, seamless, and more convenient digital experience.

“By implementing Experian’s Open Banking solution into the HomeBuyer app, we can remove some of the pain points of old and help deliver a much smoother and stress-free home buying journey. We’re delighted to be working alongside Smart365 to do this.”