Applying for a mortgage might become easier at TSB Bank in the future as the company has decided to leverage FinTech firm Iress’ technology.
The deal makes TSB Bank the first top tier bank to adopt Iress’ Lender Connect technology that is created to create a frictionless journey for people applying to mortgages.
The platform connects lenders and brokers and shares data through deep API integrations via lender broker portals and distributor CRMs. Iress claims this removes the need to rekey data and vastly reduces error rates, admin overheads and compliance oversight.
Roland McCormack, TSB’s mortgages director, said, “There has been lots of talk about how tech can deliver a streamlined end-to-end process. We believe 2020 will be the year that two-way connectivity really gains traction, and TSB is committed to supporting our broker partners.
“We’re delighted to announce our adoption of Iress’ Lender Connect technology, enabling integrated brokers to transfer all relevant customer data direct from their CRM systems into TSB Mortgage Pro at a touch of a button, saving the need to rekey.”
The news comes as Scotland-headquartered TSB Bank is in the middle of an extensive restructuring. The bank has not only announced that it will invest immensely in new technologies, but also that it plans to close 86 branches around the UK.
Copyright © 2019 FinTech Global
