PEXA UK, the digital property exchange platform, has launched the API Hub in a bid to help change the conveyancing process.
The Hub hosts all of PEXA’s application programming interfaces (APIs), with the platform allowing for property transactions to be digitised and for data to flow between lender or law firm systems and the PEXA platform.
The APIs can be adopted iteratively to suit an organisation’s specific requirements, considering budget, risk policies and strategic priorities, allowing for automation of aspects of the case journey as desired.
PEXA launched the hub to help lenders and law firms of all sizes save time and resource, and reduce fraud and operational overheads.
Through these APIs, a remortgage can be managed end-to-end through the PEXA platform within 48 hours, with APIs automating all key activities without any further need for manual processes.
Customers will have access to case tracking capabilities, with real-time updates available to existing systems via the API.
PEXA’s UK API Hub is available with no login needed and the PEXA team provides design and test support as required.
PEXA aims to expand the API Hub in future releases, with user guides that will further simplify customer integration activities.
Joe Pepper, UK CEO of PEXA, said: “We recognise that to bring about change in the mortgage process, it needs to be as simple and easy as possible for lenders and law firms to embrace automation.
“Doing that means making any tech integrations with existing infrastructure as seamless as possible, and that is exactly why we have invested heavily in this new API Hub.”
