"The efficiency improvements provided by both the lender hub capability and MSO and the impact on processing times is clear."
IRESS' mortgage sales and originations solution will halve the time to arrive at a decision in principle to just 15 minutes, via its Mortgage Pro platform.
Additionally, the new lender hub technology uses APIs to pre-populate client data from broker systems to lender systems. This directly reduces broker re-keying of information in support of agreement in principle and full mortgage application.
The technology also supports open integrations with third parties such as conveyancers and valuers, reducing errors and processing times.
Roland McCormack, TSB’s mortgage distribution director, said: “We’re continuing to invest in our service for brokers and their feedback was instrumental in the design of our new state-of-the-art mortgage sales platform, TSB Mortgage Pro. I’m delighted that our brokers and their clients are now experiencing the benefits of TSB Mortgage Pro, created in partnership with IRESS’ technology platform, which has halved the time taken for a mortgage application from 30 minutes to 15 minutes.
"When we launched TSB Intermediary three years ago we said we would shake up the market and, as we celebrate our three year anniversary, we’re continuing to do just that”
Paul Thornton, Executive General Manager, Lending for IRESS, added: “TSB’s successful adoption of our technology to transform its processes shows again that IRESS has all the components in place to enable the most efficient end to end mortgage process currently in the market.
“The efficiency improvements provided by both the lender hub capability and MSO and the impact on processing times is clear. IRESS is also engaged with other lenders who have expressed an interest in benefiting from our connected technology.”
