Loughborough Building Society has introduced a new mortgage origination platform with integrated credit decisioning software. The system automates key parts of the application process to make it simpler and faster for brokers and clients, while maintaining the flexibility of personalised underwriting.
The platform supports a wide range of products, including residential, lending in retirement, shared ownership, buy-to-let, holiday let, discount market value, 100% lending, joint borrower sole proprietor (JBSP), adverse lending, right to buy, and right to acquire.
Ashley Pearson, head of intermediaries at Loughborough Building Society, said: “The launch of our new platform marks a significant step forward in our commitment to simplifying the mortgage journey for both intermediary partners and the end customer. By seamlessly blending the efficiency of automation with personalised underwriting, we are ensuring that a broader range of specialist mortgage products are more accessible than ever before.
“This platform not only enhances the application process but also reinforces our dedication to evolving with the needs of our customers, and the market, as we look to further extend our lending volumes and market share across the specialist sectors.”
Features of the platform include soft credit checks at the Decision in Principle stage, enhanced case tracking, and secure integration with solicitor panels. The credit decisioning engine is designed to adapt quickly to policy changes, ensuring the system meets customer needs as they evolve.
The platform’s development involved collaboration across several departments, including intermediary sales, underwriting, and product development teams, ensuring it meets brokers’ needs and complies with regulatory requirements.
