"The launch of our new platform marks a significant step forward in our commitment to simplifying the mortgage journey for both intermediary partners and the end customer."
- Ashley Pearson, head of intermediaries at Loughborough BS
Loughborough Building Society has introduced a new mortgage origination platform and integrated credit decisioning software.
The platform automates many key aspects of the application process, enhancing the intermediary and client experience by delivering a simpler, more efficient user journey, while still offering The Loughborough’s personalised underwriting approach. Included within the launch are integrated aspects of an autonomous credit decisioning engine to help speed up the application process.
Initial improvements include soft credit checks during the Decision in Principle (DIP) stage, helping to protect applicants' credit scores while allowing them to explore mortgage options. Additionally, the platform features enhanced case tracking functionality and secure integration with selected solicitor panels.
Ashley Pearson, head of intermediaries at Loughborough Building Society, commented: "The launch of our new platform marks a significant step forward in our commitment to simplifying the mortgage journey for both intermediary partners and the end customer. By seamlessly blending the efficiency of automation with personalised underwriting, we are ensuring that a broader range of specialist mortgage products are more accessible than ever before.
“This platform not only enhances the application process but also reinforces our dedication to evolving with the needs of our customers, and the market, as we look to further extend our lending volumes and market share across the specialist sectors."
