Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.

Accord Mortgages to roll out API technology during 2021

Application Programming Interface

The lender estimates that its API plans will cut “around 20 minutes” from each case

Accord Mortgages will be rolling out API (Application Programming Interface) technology throughout this year. The lender will initially use the technology to provide brokers with the ability to pre-populate data from their CRM (Customer Relationship Management) systems to Accord’s MSO platform via Iress’ Lender Connect system without the need for rekeying information.

Following a launch with L&C Mortgages, and a further pilot with Quilter, on Iress’ Xplan Mortgage, Accord plans to introduce the technology more widely with all three major sourcing systems – Iress’ Trigold and Xplan Mortgage, Mortgage Brain and Twenty7Tec – during the first half of this year.

The lender estimates that its API plans will cut “around 20 minutes” from each case.

Accord Mortgages and the savings business of Egg, which are referred to as the Yorkshire Building Society Group, collectively employ 3,300 staff throughout the UK and services 3 million members.

Accord Mortgages managing director Jeremy Duncombe says: Broker and lender integration has been topical for some time, but the last 12 months have brought this into even more focus.

We’re always looking for ways to improve our systems and processes to make things easier for brokers and are confident investing in this new technology will help them connect with us more effectively than ever before, he says.

Our MSO platform, together with API connectivity means placing cases with us will be much more efficient, and speeding up the time taken to apply for a decision in principle means brokers will have more time to spend with their clients, Duncombe says.

He says this is the next step on our digital journey and we’re looking forward to widening the roll-out of API integration to create a more joined up mortgage application journey for the intermediary market.

Important:

This article is for information purposes only.

Please remember that financial investments may rise or fall and past performance does not guarantee future performance in respect of income or capital growth; you may not get back the amount you invested.

There is no obligation to purchase anything but, if you decide to do so, you are strongly advised to consult a professional adviser before making any investment decisions.