Smartr365, a business management system for mortgage advisors, has received £3m in funding.
The FinTech business of Legal and General (LG) supplied the capital for the round, and following the deal, LG managing director of FinTech Nick Frankland will join Smartr265’s board of directors.
London-based Smartr365 streamlines the mortgage process for both mortgage advisors and home buyers.
Smartr365 offers financial advisors with a clearer platform to help offer clients informed decisions, by giving them access to deeper data and automation tools to simplify end-to-end processes. The solution gives an advisor the ability to access all a client’s financial data, including mortgages, insurance, pensions and investments.
Some of the available solutions include credit checks on clients, client relationship management, automatic data validation, mortgage processing, additional sale opportunities identification, and a dashboard for all operations.
Tools available on the platform allow consumers to identify the best mortgage and equity options or receive robo-advice on insurance and mortgage. The technology platform also offers direct submission of applications to lenders, auto case-updates, and offer progressions, to help automate the mortgage process.
With this line of funding, the company hopes to accelerate product development, including the increase the availability of its mortgage API service LendrConnect, which helps brokers submit mortgages to lenders through the click of one button.
Late last year, the company picked up a £1m investment from Fig VC, with the aim of supporting the development of its mortgage support technology.
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