Pepper Money has partnered with technology platform, Lending Score, to utilise opportunities from Open Banking.

Lending Score aims to minimise the time it takes for brokers and lenders to obtain the correct documents to support an application, providing real-time data straight from a customer’s bank account and tailor-made statements.

Working with Lending Score enables Pepper Money intermediaries and customers the ability to benefit from a faster and simpler alternative to traditional internet produced bank statements and time delayed third party documentation.

Paul Adams, sales director at Pepper Money, said: “At Pepper Money, we have an ongoing commitment to continually develop and enhance our service proposition for brokers and customers. Open Banking has the potential to significantly expedite the mortgage process through more efficient transfer of information, and we want to ensure we’re at the forefront when it comes to implementing this and other transformative technologies.

“Working with Lending Score is an important step towards even easier mortgage applications for mortgage brokers and their customers.”

Luke Saint, founder of Lending Score, added: “Pepper Money already has a strong reputation for delivering consistently excellent service, and this relationship will help build on that. Pepper is synonymous with their human approach to underwriting, therefore it’s a testament of the benefits we’re able to offer lenders, brokers and most importantly the customer.

“This integration with our platform will further complement & enhance Pepper’s service delivery.”