Nationwide decisions in principle (DIPs) and product reservations are now available through Xplan Mortgage, following Iress’ latest update to its lender connect feature.
The move means brokers using Xplan Mortgage can now submit DIPs for all Nationwide mortgage applicants, including those who are self-employed, contractors, foreign nationals and people seeking interest-only loans.
The enhancement also covers product options like Helping Hand and Extra Help.
Product reservations can now be completed within Xplan Mortgage, which aims to save brokers and clients time and reduce worries about changing interest rates.
The update was developed with feedback from brokers and in partnership with Nationwide.
Louise Sarsby, head of providers and lenders at Iress, said: “With Nationwide’s enhanced API, Lender Connect functionality keeps getting better.
“The ability to hit apply in Xplan Mortgage and get a direct DIP for any Nationwide Purchase or Remortgage product creates a seamless, efficient experience for brokers and their clients.
“This has been a fantastic collaboration that will help drive greater adoption of digital mortgage application connectivity.”
Andy Tilsley, head of intermediary, digital at Nationwide, said: “Our endeavour is to support the intermediary market by making it easier and quicker for brokers to do business with us.
“We’ve responded to broker feedback and worked closely with Iress to enhance the digital journey, saving time and improving quality.
“Today’s announcement represents another significant milestone, but we’re not resting on our laurels as we look to build on this through further collaboration.”
