Coventry Building Society has become the latest lender to join Lender Connect, Iress’s API-driven integration platform that allows brokers to submit mortgage applications directly to lenders without the need to rekey client data.
The move comes in response to “strong broker demand,” with Coventry’s residential mortgage range and Godiva-branded buy-to-let products now accessible via the Lender Connect service.
The integration is designed to cut application times by up to 20 minutes per case, thanks to the platform’s ability to pre-populate data already entered during the advice and sourcing stages.
Jacqueline Durbin, head of product – sourcing at Iress, said: “Once you’ve experienced a streamlined process, one that saves you a significant amount of time and effort in your day-to-day work, it’s hard to go back to doing mortgage applications the ‘old way’.
“By joining Lender Connect, Coventry Building Society will benefit from providing an improved digital mortgage journey with faster processing time and improved data accuracy, so it really does benefit everyone all round.”
Coventry joins a growing list of lenders on Lender Connect, including Nationwide, Accord, TSB, Leeds, Principality, and Darlington Building Societies. The service is available via Iress’s Xplan Mortgage and Trigold platforms, and can also integrate with other advice software and lender portals.
Kevin Purvey, director of mortgage distribution at Coventry Building Society, added: “Over the past few years, we have invested significantly to improve the journey for our broker partners, primarily by moving our mortgage platform to MSO. This has yielded meaningful time savings for all, and we are regularly seeing instances of same day offers.
“Partnering with Lender Connect was a natural next step in building out our digital journey which supports broker demand and removes the need to rekey essential information to secure a DIP decision.”
