Virgin Money announced earlier this week it has formed a new API integration partnership with technology source platform Twenty7Tec. Through the collaboration, the duo will streamline the search and application process for intermediaries by removing the need to “re-key” data in multiple places.
“The integration will be the first of its kind from a top 10 lender enabling brokers to apply for a Decision in Principle, submit a full mortgage application and make payments without needing to visit the Virgin Money portal. Available across residential and Buy to Let, for both purchase and remortgage customers, the partnership revolutionises the application process.”
Virgin Money further revealed that intermediaries will also benefit from being able to view case tracking and case notes, helping them to manage cases and support their customers. It will also reduce the likelihood for human error, which will improve packaging and turnaround times for the intermediary and customer. While sharing more details about the partnership, Simon Wallace, Head of Mortgage Integration and Transformation at Virgin Money, stated:
“At Virgin Money we have made no secret of our ambition to drive change and innovation in the mortgage market. 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.”