The integration means that advisers can submit Decision in Principle applications to Pepper Money directly from within the CloudTwenty7 platform, avoiding duplication; DIP decisions are then sent back to the platform and displayed to the adviser. Case information post-DIP will be available in the broker portal to aid in the completion of the full application, reducing re-keying of data.
To safeguard high standard service levels for partners, Twenty7Tec and Pepper Money have agreed to initiate a controlled pilot phase before a full market launch.
Nathan Reilly, head of lender relationships at Twenty7Tec, noted:
"Flexibility will always be central to the specialist lending market, but with the adoption of technology increasing across advisers and customers, it is important that this flexibility is supported through improved technology in order to deliver a quality journey and experience.
"With this in mind, we’re delighted to have worked with the Pepper Money team to deliver an integration that promises advisers a more efficient way to submit specialist cases and strengthens our panel of APPLY enabled lenders.”
Paul Adams, sales director at Pepper Money said:
“At Pepper Money we are committed to making it as easy as possible for brokers to find a home for their customers who just miss out on a mortgage from a high street lender. This means criteria built to cater for a range of specialist circumstances, transparent underwriting and open communication. It also means making use of technology and integrating with the key players in the market. This integration with the CloudTwenty7 platform enables brokers to submit mortgage applications to Pepper without leaving the system, making the whole process quicker, easier and more efficient, which will benefit brokers and their customers.”
Rowan Clayton, product director at finova - whose Distribution Hub help to enable the integration - said:
“Open architecture and connectivity are at the heart of everything we do at finova. We are really pleased to have worked in partnership with Pepper Money to deliver this integration. We are looking forward to realising the benefits this new integration will bring to brokers and their customers. The specialist lending market is evolving and we expect to see increased adoption of tools that support straight through processing over the coming months and years.”
