Legal & General Home Finance has announced a partnership with Air to introduce an Application Programming Interface (API) link on the Air Sourcing platform.
The move will enable advisers to manage lifetime mortgage applications more efficiently through the Legal & General Adviser portal.
The Air Sourcing platform is a leading-edge technology solution that assists advisers in finding and recommending the most appropriate later life lending solutions for their clients.
The platform offers extensive research filters and allows advisers to request multiple Key Facts Illustrations (KFI) across products.
APIs enhance the adviser experience by facilitating real-time data sharing between different software systems.
The link ensures that sourcing and KFI research data are automatically transferred and readily available on the platform.
The API link is part of Legal & General’s ongoing support for the adviser community through its partnership with Air, including its role as an Ambassador on the platform.
Legal & General Home Finance also recently improved its lifetime mortgage range by extending its offer validity period and introducing new lower LTV products with reduced interest rates.
Craig Brown, CEO of Legal & General Home Finance, said: “The launch of our API link on the Air Sourcing platform is the first time we’ve linked in such a seamless way with a sourcing site.
“Not only will it save advisers having to rekey information, but it will also make the overall process smoother and ultimately lead to better customer outcomes.”
He added: “As the market evolves, alongside new technologies, we aim to have links across all main sourcing sites.”
Mike Taylor, managing director at Air Club, added: “This new API with Air Sourcing and Legal & General Home Finance will allow a smoother transition from sourcing to KFI.
“This will remove an extra step in the current process as advisers will no longer need to re-key client’s information from our sourcing tool to a lenders portal, it will transition through automatically.”
He continued: “At Air, we strive to find new and innovative ways to support advisers to help them provide successful and good outcomes to their customers by providing technological advances to automate some of the more manual processes.
“Looking towards Consumer Duty, which is to be implemented in the next few months, this API link will provide one documentation source for advisers using Air Sourcing and Legal & General Home Finance.”
