Loughborough BS switches to new mortgage origination platform

Published on

Loughborough Building Society has introduced its new mortgage origination platform and integrated credit decisioning software.

The society has invested in a platform which automates many key aspects of the application process and provides a simpler, more efficient user journey.

The Loughborough says the platform allows it to offer access to mainstream and specialist mortgage products “in a far more attainable form”. This includes product areas such as residential, lending in retirement, shared ownership, buy-to-let, holiday let, discount market value, 100% lending, JBSP, adverse lending, right to buy, and right to acquire.

Initial improvements include soft credit checks during the Decision in Principle (DIP) stage, helping to protect applicants’ credit scores while allowing them to explore mortgage options. Additionally, the platform features enhanced case tracking functionality and secure integration with selected solicitor panels.

Ashley Pearson (pictured), head of intermediaries at Loughborough Building Society, said: “The launch of our new platform marks a significant step forward in our commitment to simplifying the mortgage journey for both intermediary partners and the end customer.

“By seamlessly blending the efficiency of automation with personalised underwriting, we are ensuring that a broader range of specialist mortgage products are more accessible than ever before.

“This platform not only enhances the application process but also reinforces our dedication to evolving with the needs of our customers, and the market, as we look to further extend our lending volumes and market share across the specialist sectors.”

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

UTB backs £16.5m Surrey developments by Rushmon Homes

United Trust Bank (UTB) is providing £10.7m in acquisition and development finance to support...

Octopus Capital funds two new care homes

Octopus Capital has completed a £30 million forward funding agreement with Synergy Care Developments...

Hanley Economic names new chair as Nick Jordan steps down

Hanley Economic Building Society has confirmed that Ian Henley will become its new chair...

Family Building Society cuts rates and simplifies buy-to-let range

Family Building Society has announced rate reductions across its owner-occupier and buy-to-let mortgage products,...

LendInvest strengthens Scottish presence with new BDM appointment

LendInvest Mortgages has appointed Abbie McCluskey as business development manager for Scotland, as the...

Latest publication

Other news

UTB backs £16.5m Surrey developments by Rushmon Homes

United Trust Bank (UTB) is providing £10.7m in acquisition and development finance to support...

Octopus Capital funds two new care homes

Octopus Capital has completed a £30 million forward funding agreement with Synergy Care Developments...

Hanley Economic names new chair as Nick Jordan steps down

Hanley Economic Building Society has confirmed that Ian Henley will become its new chair...