Twenty7Tec has announced that all users of its CloudTwenty7 platform will now be able to access the APPLY integration, following the completion of a successful pilot with Virgin Money.
During the pilot phase, Mortgage Advice Bureau (MAB) and Connells successfully submitted over 1,000 applications to Virgin via APPLY.
The mortgage technology provider stated that the APPLY integration will enable users of the CloudTwenty7 platform to apply for a Decision in Principle (DIP) from Virgin, as well as submit a full mortgage application – avoiding duplication of data and speeding up submission.
Users will also be able to receive decisions and case tracking updates from Virgin via APPLY and view case notes to confirm the required documents and fees that are required, before a conversion to full a mortgage application.
Twenty7Tec head of lender relationship, Nathan Reilly, commented: “The initial rollout of our APPLY integration with Virgin to both MAB and Connells has been our most successful pilot to date, and we are delighted to now be able to extend this integration to all users of our CloudTwenty7 platform.
“This integration represents a significant milestone in our ambitions to deliver the very best solutions to help our advisers’ source, apply and ultimately obtain a mortgage for their clients.”
Virgin Money head of mortgage integration and transformation, Simon Wallace, added: “The wider rollout of the APPLY platform to registered brokers in partnership with Twenty7Tec is very exciting.
“The pilot successfully demonstrated the speed and ease in which brokers can submit business to us through the platform, giving them more time to spend on helping their next client with their application.
“This is a great example of Virgin’s commitment to drive change and innovation in the mortgage market and push the boundaries of technology to help our intermediary partners and customers.”
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