Virgin Money is launching an API integration with technology experts Twenty7tec to streamline the search and application process for intermediaries by removing the need to re-key data in multiple places.
The financial services firm hailed the partnership as a “first of its kind from a top ten lender.”
It said users can apply for a decision in principle from Virgin via this integration and submit a full mortgage application and make payments without needing to visit the Virgin Money portal.
“At Virgin Money we have made no secret of our ambition to drive change and innovation in the mortgage market,” said Simon Wallace, head of mortgage integration and transformation at Virgin Money. “This exciting partnership with Twenty7tec will play a key part in achieving that goal.
“The APPLY platform will make it even easier for intermediaries to submit cases to us, saving them precious time, which could be better spent on helping their next client. We’re proud to offer our intermediary partners an end to end proposition, allowing them to submit both Decisions in Principle and full applications to Virgin Money.”
James Tucker, CEO of Twenty7Tec, added, “Virgin Money has a great track record for innovating in the mortgage market and playing a huge role in delivering better customer service, so we’re over the moon to help them with this integration. As a result of this deal, Virgin Money Customers will experience a seamless experience from beginning to end – something which the Virgin brand is so closely allied with. We’re proud to be their partner in making the mortgage experience a little better for everyone involved.”
The deal marks the second deal this week by Virgin Money. Yesterday we reported that the UK company had also signed a deal with Redspire to support growth of its digital offering.
Copyright © 2020 FinTech Global
Copyright © 2018 RegTech Analyst
