Bluestone Mortgages has partnered with Twenty7Tec, a leading provider of technology solutions to the lending industry.
This means Bluestone is the first lender to fully integrate its DiP, full application, document upload, case notes and tracking facilities through the Twenty7Tec API MortgageApply system. At launch the facility will be fully available to select Mortgage Advice Bureau (MAB) firms, with an expected roll-out to all MAB brokers over the summer months. Shortly afterwards wider distribution is anticipated to follow.
By using MortgageApply, brokers will be able to connect directly to lenders 'without having to login to their individual portals'. They can also track submissions from application through to case completion.
What's more, the system allows lenders to centrally review all application documents in one place, which should help to make the process quicker and more efficient across the chain.
“We are committed to staying at the forefront of harnessing the power of the technology to drive innovation within the mortgage market,” Steve Seal, director of sales and marketing at Bluestone Mortgages, commented.
“Partnering with Twenty7Tec comes as part of our mission to increase efficiency within the sector. As a service led lender this is a great asset, dramatically improving and speeding up the mortgage application process. We are delighted to be working with Twenty7Tec and are confident that this move will stimulate real change within the industry.”
James Tucker, chief executive at Twenty7Tec, added: “The depth of the API driven integration achieved between our MortgageApply platform and Bluestone’s origination and servicing platform is unquestionably an industry first, and sets a blueprint that all other lenders will surely look to follow. It’s been a pleasure to work with the team at Bluestone and to have completed this integration in less than 2 months is a testament to the efforts and commitment of both teams to deliver the best technology solutions to the intermediary market.