On Thursday, specialist property finance lender LendInvest announced it has expanded on its long-term partnership with Stripe by integrated the payments platform in order to streamline its loan application process. According to the online lender, the new integration will be embedded in the primary stages of the buy-to-let loan application process. LendInvest reported:
“Stripe allows the broker to pay the valuation fee through LendInvest’s online buy-to-let portal immediately after the borrower’s application forms have been signed. This process was previously handled manually, with the case manager having to call the broker and then the borrower to arrange payment. Managing these payments centrally through LendInvest’s self-service online portal cuts down the overall time taken to complete the application, whilst providing a transparent way to track this stage of the application process.”
LendInvest noted that the integration has been fully implemented into the LendInvest Buy-to-Let portal, with roll-out planned for the business’ other loan products later this year. Ian Boden, Sales Director at LendInvest, stated:
“Integrating intuitive systems such as Stripe’s payment platform into our broker portal is another step towards consistently improving our speed to offer. By pulling all of these processes into one place, the portal reinforces its use as a ‘one-stop shop’ for brokers to access and manage a deal in an accessible, easy to use manner. Developing new and innovative ways to make the customer’s life easier should be a goal for all lenders, and one that remains at the heart of what we do.”
Stripe is now supporting the investment side of LendInvest by processing direct debit payments for its online investment platform.