PropertyPal Mortgages has partnered with eKeeper to launch its own mortgage pre-approval software and speed up the initial stages of its mortgage application process.
The mortgage arm of Northern Ireland’s leading property portal, PropertyPal Mortgages revealed it has incorporated technology from both eKeeper and Experian.
Within minutes, PropertyPal Mortgages indicated it can now complete ID checks, credit checks as well as affordability and eligibility checks across multiple lenders.
The partnership comes after eKeeper launched integrated Anti-Money Laundering (AML) and consumer credit reports, both powered by Experian, into its broker CRM in March earlier this year.
PropertyPal Mortgages managing director, Owen Peden, commented: “We wanted to build software that would allow users to accurately establish how much they could borrow and at what LTV band they will likely be accepted for a mortgage. Now we can essentially obtain a very accurate indication of pre-approval across multiple lenders within minutes.
“This information is invaluable to help the user establish a suitable price range and indicate the deposit required to meet the lender’s scorecard requirements. This also means that, with the user’s consent, when submitting a property enquiry, we can indicate to the selling agent that the user has been pre-approved for a mortgage relative to the price of the property they are enquiring about.”
eKeeper group commercial director, David Bennett, said: “We are thrilled to have developed and delivered this solution for PropertyPal. Its approach of blending different technologies into one digital experience demonstrates how modern mortgage brokers are approaching the challenges and demands of attracting, qualifying and servicing customers online.”
Experian managing director of data services, Lisa Fretwell, added: “As well as significantly improving the speed brokers can confirm eligibility, these checks will also help to safeguard people by ensuring they can access affordable products. This is particularly important at a time when finances may be stretched due to COVID-19.
“We're delighted to be working with PropertyPal Mortgages and eKeeper on what is an exciting development in the mortgage application process.”
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