Mortgage Brain is partnering with fintech companies Iress and Twentry7Tec to “standardise” mortgage connectivity language to assist brokers and their customers.

Each company has integrated technology which transfer mortgage application data between broker software and lender portals to optimize decisions in principle and applications.

Mortgage connectivity allows seamless data transfer across systems.

The companies have collaborated with Accord, Leeds Building Society and TSB to review the way lenders communicate with their broker partners.

“It is crucial that we work in collaboration when it comes to ensuring we are able to deliver the best possible outcomes for end users, regardless of the product, the technology being used or the size of the firm using the technology,” says Mortgage Brain sales and marketing director, Neil Wyatt.

“By working jointly with our peers we are excited as to how this will genuinely help and support individuals and firms across the marketplace adopt the use of technology and ultimately drive significant customer benefits,” he adds.

The changes will mean language across Iress Lender Connect, Mortgage Brain’s Submission Brain and Twenty7Tec Apply, will be standardised.

The Association of Mortgage Brokers and Association of Mortgage Intermediaries’ chief executive, Robert Sinclair, adds: “AMI has advocated for some time the need for technology firms to work together to provide solutions that embrace more of the customer journey.”

“This collaboration between our three main sourcing engines has to be seen as really positive and hopefully the start of a longer journey.”