Mortgage Brain will use online gateway Lendex for quick DIPs

Michael Lloyd

June 19, 2018

Mortgage Brain has started using online gateway Lendex, which will secure Decisions in Principle from lenders in less than 30 seconds.

It will provide a modern process to digitally complete, submit (together with documents), administer and track full mortgage applications.

Mark Lofthouse, chief executive of Mortgage Brain, said: “We’re delighted with the tremendous vote of confidence and support from Lenders who have attended our events last week.

“We are looking forward to an exciting future, bringing these initiatives to fruition and delivering on our promises for the benefit of our customers and the whole industry, as we have done many times before.”

Mortgage Brain also shared its innovative and unique ‘Multi-DIP’ concept, which is set to overhaul the mortgage advice and sales process.

A number of lenders have now committed to being Foundation Partners, who will work closely with Mortgage Brain to deliver this initiative.

Through Lendex, Mortgage Brain will also offer APIs to the wider market on behalf of participating lenders. It offers a quick, secure and affordable alternative to Lenders building their own APIs. Open to alllenders regardless of size, Lendex delivers real and tangible benefits to all.

Some 46 lenders were represented at the three ‘Strategy Forums’, at which Mortgage Brain shared its innovative plans to drive knowledge to the customer, make more accurate information available from the outset and enable better informed decisions to be made earlier in the advice process.

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