Virgin Money APPLY integration rolled out to all CloudTwenty7 users.
March 15th, 2021
Virgin Money APPLY integration rolled out to all CloudTwenty7 users
Leading mortgage technology provider, Twenty7Tec, has announced that following the completion of a successful pilot with Virgin Money, all users of the CloudTwenty7 platform will now be able to access the APPLY integration.
During the pilot phase, Mortgage Advice Bureau (MAB) and Connells successfully submitted over 1,000 applications to Virgin Money via APPLY.
The APPLY integration with Virgin will enable users of the CloudTwenty7 platform to:
- Apply for a Decision in Principle (DIP) from Virgin Money, as well as submitting a Full Mortgage Application (FMA), avoiding duplication of data and speeding up submission.
- Receive decisions and case tracking updates from Virgin via APPLY.
- View case notes to confirm the required documents that are needed and fees to be paid to Virgin before conversion to full mortgage application.
Nathan Reilly, Head of Lender Relationship at Twenty7Tec commented “The initial roll out of our APPLY integration with Virgin to both MAB and Connells has been our most successful pilot to date, and we are delighted to now be able to extend this integration to all users of our CloudTwenty7 platform. This integration represents a significant milestone in our ambitions to deliver the very best solutions to help our advisers’ source, apply and ultimately obtain a mortgage for their clients”.
Simon Wallace, Head of Mortgage Integration and Transformation at Virgin Money said: “The wider roll out of the APPLY platform to registered brokers in partnership with Twenty7Tec is very exciting. The pilot successfully demonstrated the speed and ease in which brokers can submit business to us through the platform, giving them more time to spend on helping their next client with their application. This is a great example of Virgin Money’s commitment to drive change and innovation in the mortgage market and push the boundaries of technology to help our intermediary partners and customers.”
Twenty7Tec will be issuing a white paper shortly which analyses the success of the pilot in more detail.
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
About Virgin Money
Virgin Money is a full-service digital bank, serving 6.5m customers across the UK. It offers market-leading products and services to meet the full range of customers’ retail and business banking needs. Virgin Money aims to provide a consistently world-class experience for customers through its leading technology platform, telephone banking and a national network of innovative stores and business banking centres. By making banking better, Virgin Money seeks to deliver on its purpose of ‘Making you happier about money’.