LiveMore has upgraded its in-house origination platform, which now includes an automated decision-in-principle function.  

The later life lender says the feature now gives brokers immediate decisions in principle across its entire product range.  

It adds that the function also conducts a soft credit search at the same time.  

In addition, the revamped system shows the maximum borrowing amount on different products, taking into account various income and circumstances, such as unusual property construction, debt consolidation and adverse credit.  

Over the past nine months, the firm says its in-house technology team has created more flexible software with easy-to-use affordability calculations and European Standardised Information Sheet forms.   

The business says full mortgage applications can be submitted on the platform without the need for additional rekeying as information is stored automatically.  

The lender, founded in 2020, initially outsourced its technology to a third-party provider, but over recent months it has built its own bespoke systems from scratch.  

LiveMore chief executive and funder Leon Diamond says: “The timing was right and our expert technology team has been busy creating this state-of-the art decision in principle and origination portal.  

“Going forward, we have a roadmap of improvements so the next stage will be working on new functionality to enrich the broker journey even more.”  

Diamond adds that the firm also plans to look at a counter-offer function, which will suggest other products if one loan proves unsuitable.  

It is also working on an affordability feature, that blends income and assets “to maximise affordability for clients”.