Mortgage Brain and Lloyds Banking Group have collaborated to deliver the first digital full mortgage application (FMA) for Halifax through Submissions Brain.
Mortgage brokers, networks and users of third-party CRM providers can now go from sourcing to submission in one seamless path without the need to re-enter data or duplicate multiple processes.
Halifax’s FMA is delivered through Submissions Brain and saves agents an average of 30 minutes on each submission.
Mortgage Brain unveiled its new Submissions Brain module at an event in September, featuring the first standardized Decision in Principle (DIP) form for all lenders who subscribe to the service.
New Submissions Brain allows brokers to capture and submit customer details to UK lenders using a standardized form, right up to DIP confirmation.
In many cases, the lender will automatically return a decision via Submissions Brain.
Those filing a DIP with Halifax can now proceed to FMA.
Submissions Brain can be used as a standalone module, via the Mortgage Brain Hub, via CRM Brain, the new cloud-based CRM system or via an API integration with third-party CRM systems.
Neil Wyatt, sales and marketing director of Mortgage Brain (pictured) says: “This partnership is not just defined by what we have delivered for the mortgage sector, which is revolutionary in itself. But it is also about how we have delivered it – through true partnership and collaboration.”
“Mortgage Brain and Lloyds Banking Group have set a new standard for how lenders and technology providers can work together to raise the bar and deliver real benefits for the entire sector.”
Frances Cassidy, head of strategic technology partnerships at Lloyds Banking Group, added: “The launch of our first fully digital full mortgage application with Mortgage Brain for Halifax marks a significant milestone in that journey. By removing duplication and streamlining submissions, we are enabling brokers to spend more time advising clients, while making faster, more consistent decisions for clients.”
Earlier this week, Mortgage Brain announced that it had signed up new buy-to-let lender Rely for the Sourcing Brain and Criteria Brain modules.