Property finance marketplace LendInvest has enlisted Jumio to streamline LendInvest’s digital application process for its Buy-to-Let (BTL) product. According to a note from LendInvest, the company will now incorporate Jumio’s biometric ID verification technology to speed up the lending process.
LendInvest says this partnership makes the mortgage application process easier for both brokers and their clients as it saves time and removes the need for physical documentation.
Arman Tahmessabi, Chief Operating Officer at LendInvest, said:
“We’re very excited to announce this partnership with Jumio as we seek to consistently streamline our application processes. The last year has highlighted even more clearly how paper-based processes are no longer fit for purpose, and a digitisation of the mortgage process is the most efficient move for our brokers and borrowers.”
LendInvest offers short-term mortgages to intermediaries, landlords and developers. To date, LendInvest has lent over £3 billion of short term, development and buy to let mortgages.