Loughborough Building Society has launched a mortgage origination platform and integrated credit decisioning software.
The mortgage origination platform helps to automate key aspects of the application process and aims to enhance the intermediary and client experience.
A credit decisioning engine has also been integrated as part of the launch to help speed up the application process.
The platform’s decision engine is designed to adapt to policy and proposition changes.
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.
The platform also features enhanced case tracking functionality and secure integration with selected solicitor panels.
This development involved collaboration across multiple departments, including the intermediary sales team, direct sales team, underwriting team, product development, marketing, and finance teams.
Loughborough Building Society head of intermediaries Ashley Pearson says: “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.”
