LiveMore offers automated DIP

Published on

LiveMore has developed a new mortgage origination platform in-house, incorporating a Decision in Principle (DIP) capability.

The DIP helps brokers deliver tailored service to their clients by giving immediate decisions in principle across LiveMore’s entire product range.

Over the past nine months, LiveMore’s technology team has created a much more flexible architecture with affordability calculations and an automated DIP along with ESIS forms. Full mortgage applications can then be submitted and there is no rekeying of information as it is stored automatically.

The automated DIP returns an immediate response on declared information and conducts a soft credit search at the same time.

The system can also show the maximum borrowing amount on different products, taking into account all income and circumstances such as unusual property construction, debt consolidation and adverse credit.

Leon Diamond (pictured), CEO and founder of LiveMore, said: “Having built up LiveMore into a successful, highly capable and competitive lender shaking up the 50-90+ mortgage space, it made perfect sense for us to bring our technology in-house. The timing was right and our expert technology team has been busy creating this state-of-the art DIP and origination portal.

“Going forward, we have a roadmap of improvements so the next stage will be working on new functionality to enrich the broker journey even more.”

Latest POLL

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

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...

Atom bank breaks Near Prime record

Atom bank has reported another record-breaking month for Near Prime activity. Over the course of...

Berkeley Alexander appoints new BDM

General insurance provider Berkeley Alexander has announced the appointment of Grant Robinson as a...

Other news

Lenders must step up on high LTV products

Things are on the up for borrowers with a smaller deposit. The financial information...

Square 1 Media announces May Mortgage Market Debate

Square 1 Media is to hold its next Mortgage Market Debate on Wednesday, 21 May,...

Coventry BS maintains status as one of the best workplaces

Coventry Building Society has been named one of Great Place to Work's UK’s Best...