Nine lenders have agreed to accept digital mortgage transactions via Lendex, Mortgage Brain’s digital lender gateway.
Discussions are also progressing with a further 11 lenders, with more to be confirmed in due course.
Lendex is a new online gateway, which Mortgage Brain says will secure Decisions in Principle (DIPs) direct from lenders in under 30 seconds.
It will also provide a process to digitally complete, submit (together with documents), administer and track full mortgage applications.
Through Lendex, Mortgage Brain will also offer APIs to the wider market on behalf of participating lenders.
Seven of the initial nine lenders who have agreed to accept digital applications via the gateway are: Accord Mortgages, Barclays, Coventry for Intermediaries, Furness Building Society, NatWest, Nationwide and The Mortgage Works.
Mark Lofthouse, CEO of Mortgage Brain, said: “The commitment and support we’ve received since the launch of Lendex was announced has been fantastic.
“There is a real air of excitement about the gateway’s capabilities and the obvious benefits it will bring to the adviser and lender community. Lendex has been wholeheartedly embraced by the mortgage industry and we are delighted to confirm the first wave of lenders to go live on the new platform.”
