Tuesday, January 26, 2021
Real EstateUK

Virgin Money announces API integration with Twenty7tec

Virgin Money

Available across residential and Buy to Let, this partnership revolutionises the application process

Virgin Money has announced its API integration with technology experts Twenty7tec. The partnership will streamline the search and application process for intermediaries by removing the need to re-key data in multiple places.

The integration will be the first of its kind from a top 10 lender.

Users can not only apply for a Decision in Principle from Virgin via this integration, but also submit a full mortgage application and make payments without needing to visit the Virgin Money portal.

Available across residential and Buy to Let, for both purchase and remortgage customers, this partnership revolutionises the application process.

Intermediaries will also benefit from being able to view case tracking and case notes, which will deliver clear and consistent communication for them to manage cases and support their customers.

It will also reduce the propensity for human error, therefore improving packaging and turnaround times for the intermediary and customer.

Initially the service will be made available to Connells and Mortgage Advice Bureau, before being rolled out to the wider market in early 2021.

Simon Wallace, Head of Mortgage Integration and Transformation at Virgin Money said: At Virgin Money we have made no secret of our ambition to drive change and innovation in the mortgage market. This exciting partnership with Twenty7tec will play a key part in achieving that goal.

He said, the APPLY platform will make it even easier for intermediaries to submit cases to us, saving them precious time, which could be better spent on helping their next client.

We’re proud to offer our intermediary partners an end to end proposition, allowing them to submit both Decisions in Principle and full applications to Virgin Money, Wallace said.

James Tucker, CEO of Twenty7Tec, noted: Virgin Money has a great track record for innovating in the mortgage market and playing a huge role in delivering better customer service, so we’re over the moon to help them with this integration.

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.

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