Foundation Home Loans has partnered with one of its key distributors, The Buy to Let Business (TBTLB) to offer advisers use of their new application programming interface (API) in a bid to reduce time and streamline the application process.
Users will not have to re-enter information but instead will be directed to input the application details onto their own system only. Advisers sending the Decision in Principle (DIP) directly, can now choose the product and submit their choice.
Andrew Ferguson, commercial director, Foundation Home Loans, said: “Recognising the pace of technological development in the sector, we are embracing this new API programming to innovate the way we support adviser’s experience and day-to-day client work.
“Partnering with TBTLB ensures increased efficiency when it comes to the application process and bolsters our pragmatic and straight-forward approach.
“We expect to share this technology with additional distributors in the foreseeable future and are confident the offer will prove favourable with our advisers.”
Users will not have to log into Foundation Home Loan’s broker portal and re-enter information. Once the Decision In Principle (DIP) is submitted, they will get a normal decision – accept or decline. Instead of accessing the portal, the decision will be posted within The Buy to Let Business’ system.
Ying Tan, managing director at The Buy to Let Business, said: “We are delighted to be working in partnership with Foundation Home Loans on this exciting new interface.
“As a company we are passionate about embracing technology in order to streamline procedures and this is a great example of lenders and brokers working together to benefit the client.”