LiveMore has built a new mortgage origination platform in-house, incorporating a comprehensive Decision in Principle (DIP) capability.
This enhanced DIP helps brokers deliver tailored service to their clients by giving immediate decisions in principle across LiveMore’s entire product range.
The mortgage lender for the 50 to 90+ age group was set up in 2020 and its technology was initially outsourced to a third-party provider.
Over the past nine months, LiveMore’s technology team has created a flexible architecture with easy-to-use affordability calculations and an automated DIP along with ESIS forms.
Full mortgage applications can then be submitted and there is no rekeying of information as it is stored automatically.
The automated DIP returns an immediate response on declared information and conducts a soft credit search at the same time.
The system can also show the maximum borrowing amount on different products, taking into account all income and circumstances such as unusual property construction, debt consolidation and adverse credit.
Leon Diamond (pictured), CEO and founder of LiveMore, said: “Having built up LiveMore into a successful, highly capable and competitive lender shaking up the 50 to 90+ mortgage space, it made perfect sense for us to bring our technology in-house.
“The timing was right, and our expert technology team has been busy creating this state-of-the art DIP and origination portal.”
He concluded: “Going forward, we have a roadmap of improvements so the next stage will be working on new functionality to enrich the broker journey even more.”
