Lendex receives commitment from Lloyds Banking Group

Jessica Nangle

December 16, 2019

Mortgage Brain’s multi-lender application and submission gateway Lendex has received commitment from Halifax, Scottish Widows and Birmingham Midshires.

Lendex, which has piloted in 2019 with a phased launch set for 2020, enables an adviser to request a decision in principle and submit mortgage applications directly to all participating lenders’ back office systems with one login.

Mark Lofthouse, chief executive of Mortgage Brain, said: “We are delighted that Lloyds Banking Group has put their faith in Mortgage Brain to deliver.

“It is hoped that Halifax will be the first on Lendex followed by the other brands.

“There is a real buzz in the industry about unrivalled lender access and the capabilities that Lendex will bring for both the lender and adviser communities.”

Mike Jones, managing director – intermediaries and specialist brands at Lloyds Banking Group, added: “Our commitment to Lendex is recognition of our embracing technology advancements from a range of providers across the market.

“We look forward to working collaboratively with Mortgage Brain to bring this to market.”

Through Lendex, Mortgage Brain will also offer APIs to the wider market on behalf of participating lenders.

When fully launched, Lendex will be available at no cost to advisers as both a standalone version and will also integrate with Mortgage Brain’s sourcing and point of sales systems.

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