Coventry Building Society joins Iress Lender Connect platform

Published on

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.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

L&G launches later life lending campaign

L&G has launched a later life lending campaign featuring short documentary-style films highlighting the...

West Brom reduces rates by up to 0.18%

West Brom Building Society has reduced rates across its two-year fixed purchase mortgage range,...

more2life calls for innovation and technology to drive later life lending growth

Later life lender more2life has called on the wider industry to ensure product innovation...

Leasehold possessions on the rise, warns Spicerhaart

More leasehold properties are entering possession as ongoing issues with the leasehold system continue...

Darlington completes complex expat new-build mortgage

Darlington Building Society has completed an 80% LTV mortgage for a joint application from...

Latest publication

Other news

L&G launches later life lending campaign

L&G has launched a later life lending campaign featuring short documentary-style films highlighting the...

West Brom reduces rates by up to 0.18%

West Brom Building Society has reduced rates across its two-year fixed purchase mortgage range,...

more2life calls for innovation and technology to drive later life lending growth

Later life lender more2life has called on the wider industry to ensure product innovation...