The feature aims to streamline the remortgage application process
Financial services software provider Iress has confirmed that Leeds Building Society has successfully implemented its Digital Mortgages functionality, which enables individuals seeking to remortgage the convenience of applying online without the need for professional advice, coupled with the benefit of receiving real-time decisions.
The fully digital, direct-to-consumer feature extends its accessibility beyond existing Leeds customers, allowing anyone to apply for a remortgage and explore all available products within Leeds’ remortgage portfolio.
Integrated seamlessly with Iress’ MSO, Digital Mortgages aims to streamline the remortgage application process by catering to both customers seeking advice for optimal deals and those who prefer a self-service approach. The digital solution seeks to simplify a typically complicated journey by eliminating unnecessary steps in the application process.
“As a fully digital offering, Iress’ Digital Mortgages is the first of its kind,” Andrew Simon (pictured), chief executive for mortgages at Iress, said. “It’s fully integrated into MSO and will enable any of our clients to offer their customers a seamless, fast, and efficient online mortgage application process.
“We’re seeing an increasing number of consumers state their desire for a digital capability to complement the advice-led process and Iress’ Digital Mortgages provides that. We’re thrilled that Leeds Building Society is the first to market with this.”
Andy Moody, chief commercial officer at Leeds Building Society, added that by partnering with Iress to offer direct-to-consumer digital mortgages, they were improving accessibility to their range of mortgages and increasing the ease with which they support borrowers.
“Our purpose is to put homeownership within reach of more people generation after generation, and it motivates everything we do at Leeds,” Moody said. “We are proud to be the first partner to work with Iress on this service and look forward to supporting more members with their mortgage needs.”
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