Twenty7Tec has announced that it has integrated its CloudTwenty7 platform with Pepper Money.
The move enables advisers to submit mortgage applications to Pepper Money without leaving the Twenty7Tec system.
Twenty7Tec and Pepper Money have also agreed to initiate a controlled pilot phase before a full market launch.
Advisers can submit Decision in Principle (DIP) applications to Pepper Money directly from within the CloudTwenty7 platform, with DIP decisions then sent back to the CloudTwenty7 platform and displayed to the adviser.
Twenty7Tec head of lender relationships, Nathan Reilly, said: “We’re delighted to have worked with the Pepper Money team to deliver an integration that promises advisers a more efficient way to submit specialist cases and strengthens our panel of APPLY enabled lenders.”
Pepper Money sales director, Paul Adams, added: “We are committed to making it as easy as possible for brokers to find a home for their customers who just miss out on a mortgage from a high street lender.
“This means criteria built to cater for a range of specialist circumstances, transparent underwriting and open communication. It also means making use of technology and integrating with the key players in the market.”
Twenty7Tec also revealed that the integration leverages its APPLY module, as well as the finova distribution hub, which Pepper is utilising as part of its origination solution.
finova’s distribution hub transfers product and customer data through APIs to let third-party intermediary distribution providers – such as product sourcing and customer relationship management systems – integrate into Pepper’s mortgage application process.
“Open architecture and connectivity are at the heart of everything we do at finova,” commented finova product director, Rowan Clayton. “We are really pleased to have worked in partnership with Pepper Money to deliver this integration.
“We are looking forward to realising the benefits this new integration will bring to brokers and their customers. The specialist lending market is evolving, and we expect to see increased adoption of tools that support straight through processing over the coming months and years.”
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