Mortgage brokers using Iress’ Xplan Mortgage platform can now submit Decisions in Principle (DIPs) and product reservations directly to Nationwide, following the latest expansion of Lender Connect functionality.
The API-based service, designed to reduce rekeying and streamline processes, enables brokers to submit DIPs for all Nationwide applicants, including self-employed borrowers, contractors, foreign nationals and those seeking interest-only loans.
It also supports key product options such as Helping Hand and Extra Help.
Product reservations can now also be carried out within Xplan Mortgage, a move intended to save brokers and clients time while easing concerns over interest rate changes.
COLLABORATIVE APPROACH
The integration has been developed in collaboration with Nationwide and refined following broker feedback. Fact find data entered into Xplan Mortgage is passed directly to Nationwide without the need to re-enter details into Nationwide for Intermediaries Online.
Decisions are returned straight into Xplan Mortgage, where brokers can review, amend and resubmit cases if required. DIP certificates can also be generated within the platform.
Louise Sarsby, head of providers and lenders at Iress, said: “With Nationwide’s enhanced API, Lender Connect functionality keeps getting better. The ability to hit apply in Xplan Mortgage and get a direct DIP for any Nationwide purchase or remortgage product creates a seamless, efficient experience for brokers and their clients.
“This has been a fantastic collaboration that will help drive greater adoption of digital mortgage application connectivity.”
Andy Tilsley, head of intermediary, digital at Nationwide, added: “Our endeavour is to support the intermediary market by making it easier and quicker for brokers to do business with us.
“We’ve responded to broker feedback and worked closely with Iress to enhance the digital journey, saving time and improving quality.
“Today’s announcement represents another significant milestone, but we’re not resting on our laurels as we look to build on this through further collaboration.”
