Mortgage Brain introduces Lendex for all advisors

Mortgage Brain’s multi-lender application and submission gateway is now available to all mortgage advisors following a successful pilot of the system.

The Lendex tool connects advisors directly to participating lenders’ back-office systems, allowing them to make a policy decision or complete a mortgage application with a single login.

A full audit trail helps advisors meet their compliance requirements and client documents can be uploaded directly from Lendex to participating lender systems, allowing advisors to track case progress.

Advisors can currently do business through Lendex with Nationwide Building Society, Virgin Money, Coventry Building Society and Platform, which together account for about a fifth of all brokerage business. More lenders are expected to come on board with Lendex in the coming months, Mortgage Brain said.

Advisors can access Lendex through Mortgage Brain’s online sourcing solution, MortgageBrain Anywhere, or through its CRM system, The Key. Both allow users to pre-insert information directly into applications.

Alternatively, consultants can access directly via the Lendex user portal.

Neil Wyatt, director of sales and marketing at Mortgage Brain (pictured), said, “It is incredibly exciting to be able to launch Lendex across the market after a thorough and successful pilot phase.

“The brokers who have experienced the Lendex system have been ebullient in their praise as they have seen first hand the real and tangible benefits it has brought.”

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