February 8th, 2020 – Press Release.
Twenty7Tec rolls out Aldermore APPLY integration to all users
Leading mortgage technology provider, Twenty7Tec, today announces that all users of the company’s CloudTwenty7 platform will now have access to the APPLY integration with Aldermore, for the submission of mortgage applications.
This move follows a successful pilot of the integration, where advisers at both Mortgage Advice Bureau and Connells were able to submit applications to Aldermore from within APPLY.
The integration between Aldermore and CloudTwenty7 allows advisers to input cases through the platform and then transfer them instantly via the Distribution Hub to Aldermore’s broker portal using API.
The benefits of this change mean:
- Brokers can submit Decision in Principle (DIP) applications to Aldermore directly within the system, avoiding duplication and promising to speed up cases
- DIP decisions are then sent back to the CloudTwenty7 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
Phil Bailey, Sales Director of Twenty7Tec, noted “We are delighted to have completed the pilot phase of our APPLY integration with Aldermore successfully, and are excited to roll out this solution to all 14,000 users of our CloudTwenty7 platform.”
Jon Cooper, head of mortgage distribution, Aldermore, said: “Our goal is to deliver for brokers an end-to-end digital experience, and this is another significant milestone on that journey. We’re very pleased with the results achieved during the pilot phase of the APPLY integration, so we’re excited to be rolling out these benefits to all CloudTwenty7 brokers and to continually grow this successful partnership with Twenty7Tec.”
Twenty7Tec’s CloudTwenty7 platform is designed to make the process of searching, applying for and obtaining a mortgage simpler, faster and more efficient. The platform is used by all participants in the mortgage market, from lenders to mortgage advisers, to comparison sites and even end customers.
Aldermore Group’s purpose is to back people to fulfil life’s hopes and dreams. It has two operating companies Aldermore Bank PLC and MotoNovo Finance Limited. Aldermore Bank was established in 2009 and provides financing to back UK small and medium sized enterprises (“SMEs”), and supports investors and homebuyers with mortgage finance, while offering a dynamic online savings proposition. The Bank services customers and intermediary partners predominantly online and by phone. MotoNovo Finance Limited, based in Cardiff, helps UK consumers by bringing straightforward finance to people looking to buy their next car, van or motorcycle.
It owns and operates the online platform findandfundmycar.com.