Lendex is the latest technological innovation from Mortgage Brain, and connects advisers directly with the back office systems of participating lenders, allowing them to submit a Decision in Principle or full mortgage application through a single login.
This, Mortgage Brain says, leads to “dramatic time efficiencies and error reduction” for advisers as they no longer have to log into individual lender websites and rekey information.
The Lendex system also provides a full audit trail to help advisers in meeting their compliance requirements.
Client documents can be uploaded directly from Lendex to participating lender’s systems, with advisers able to track case progress.
Advisers can currently transact with Nationwide Building Society, Virgin Money, Coventry Building Society and Platform.
Further lenders are due to come on board with Lendex in the coming months.
Advisers can access Lendex through Mortgage Brain’s online sourcing solution MortgageBrain Anywhere or through its CRM system The Key, both of which enable users to pre-populate information directly into applications.
Alternatively, advisers can access 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.”
