The platform seeks to enhance mortgage transactions by modernising key interactions between brokers and clients
Keychain, a property tech startup, is rolling out a new digital platform that seeks to enhance mortgage transactions by modernising key interactions between brokers and clients, including fact finding, document sharing, and e-signing of client care documents.
Over the last 18 months, the company has worked closely with a group of brokers to develop the product and refine workflows to ensure easy and efficient data collection across all clients, from straightforward first-time buyer cases to more involved portfolio landlord transactions.
Keychain was founded by Jack Rogers, a former Bank of England economist, and Ivan Sivukha, an experienced software engineer. Rogers recalled that he and Sivukha were inspired to start the business after witnessing first-hand the negative impact of paper-based processes on their own mortgage advice experience.
“The only negative aspect of working with my broker was how painful it was to share information,” Rogers related. “I didn’t enjoy filling out a 15-page Word document!”
The startup that they built recently secured backing from the Land Registry as part of the Geovation accelerator program, which supports firms focused on improving property transactions. The program features financial support of over £100,000 and access to Land Registry data.
“We identified a market gap for a software solution that seamlessly integrates into existing ways of working, enabling brokers and their clients to efficiently share the data and documents required for the advice journey,” Rogers said. “Keychain allows brokers to focus on providing advice rather than admin tasks.”
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