Lending Score aims to minimise the time it takes for brokers and lenders to obtain the correct documents to support an application, providing real-time data direct from the customer’s bank account.

Pepper Money said this tie-up would  benefit intermediaries and customers, who now have a simpler alternative to internet produced bank statements and time-delayed third party documentation.

Pepper Money sales director Paul Adams says: “Open Banking has the potential to expedite the mortgage process through more efficient transfer of information, and we want to ensure we’re at the forefront when it comes to implementing this. Working with Lending Score is an important step towards easier mortgage applications for mortgage brokers and their customers.”

Lending Score founder Luke Saint adds: “This integration with our platform will further complement and enhance Pepper’s service delivery.”