Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Solutions. Read the original article for full details.
Iress Adds Coventry BS and Godiva to Acre's Lender Connect to Cut Mortgage Admin
Iress has extended its Lender Connect API for users of the Acre platform, with Coventry Building Society and Godiva Mortgages joining the network of participating lenders. Advisers using Acre can now transfer client information held within their CRM directly into mortgage applications with the two lenders, cutting down on duplicate data entry.
Time Savings and Data Accuracy
According to Iress, the integration can save advisers up to 20 minutes per case, while also helping to improve data accuracy and simplify the application journey for clients. Warren O'Connell, head of business development at Iress, said: "Building stronger connections between adviser and lender technology is essential to reducing administration and improving the client experience."
O'Connell added: "It's fantastic to see Lender Connect continue to grow as more lenders and technology partners come together to simplify the mortgage application journey. We're delighted to be working with Coventry Building Society, Godiva Mortgages and Acre to extend the benefits of Lender Connect to more advisers, giving them a smoother journey from sourcing to application."
What It Means for Brokers
Jonathan Stinton, head of intermediary relationships at Coventry Building Society, said the expansion would make it easier for more brokers to work with the lender. "By reducing administration and keeping key stages of the process in one place, brokers can spend more time supporting their clients," he said.
Once a decision in principle has been secured, brokers can move directly to Coventry Building Society's intermediary website to complete an application, Stinton added. He also said the enhancement reflected the mutual's ongoing commitment to supporting brokers with "the tools, technology and service they need to deliver the best possible outcomes for their clients".
Strengthening Sourcing Capabilities
Justus Brown, managing director at Acre, said the addition of Coventry Building Society would further strengthen the platform's sourcing capabilities. "This gives advisers an even greater choice of mortgage lenders, enhancing the value they deliver to homeowners as they find the right products for their clients and accelerate lending to qualified borrowers," he said.
Why It Matters to the Property Sector
For UK letting agents, inventory clerks and property professionals who work alongside brokers and advisers, integrations of this kind reflect a wider push across the industry to reduce administrative burden in the mortgage application process. Faster, more accurate data transfer between CRM systems and lenders can support smoother transactions for landlords, tenants and homebuyers alike.
Source: Mortgage Solutions