Virgin Money has become the latest lender to join Lendex, the new multi-lender application and submission gateway from Mortgage Brain.
Lendex allows advisers to request decisions in principle (DIPs) or submit full applications directly via the lenders’ back-office systems.
This is done through a single login, providing advisers with an audit trail to meet compliance requirements.
Neil Wyatt, sales and marketing director at Mortgage Brain, says: “It’s clear that momentum is building behind Lendex, with another big mortgage market player coming on board in Virgin Money.”
“Lendex provides significant, tangible benefits to lenders and advisers alike by streamlining the mortgage process and improving efficiency across the board.”
The system is free for advisers to use and is available as a standalone solution. Integration with Mortgage Brain’s sourcing and point of sales systems is also available for pilot users.
The addition of Virgin Money comes hot on the heels of Nationwide Building Society going live on Lendex.
Advisers can now request DIPs or submit applications with Nationwide Building Society, Coventry Building Society, NatWest and Platform, as well as Virgin Money. Further lenders are due to be added in the coming months.
Simon Wallace, head of mortgage transformation at Virgin Money, says: “We are continuously looking to improve and enhance our digital offering.”
“Our commitment to Lendex is recognition of this continued focus on embracing technology advancements to make life easier for our key intermediary partners. We look forward to working collaboratively with Mortgage Brain to bring this to market.”