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Iress powers Leeds Building Society’s Direct to Consumer Digital Mortgages
Iress today announces that Leeds Building Society is live with its Digital Mortgages functionality, meaning that anyone looking to remortgage can apply online without advice, and get a decision in real time.The fully digital, direct to consumer functionality, lets anyone apply for a remortgage, not just existing Leeds customers, giving applicants access to all Leeds’s remortgage products.
Integrated with Iress’s MSO, Digital Mortgages aims to bridge the gap between customers who need advice to get the best remortgage deal and those who do not. It aims to simplify a journey that is complicated for many by removing unnecessary steps in the process. Customers simply need to fill in an online application and then, by leveraging MSO’s industry connectivity, the Digital Mortgages application will provide applicants with real time credit and AVM decisions, followed by online fee payment and submission.
Iress’s CEO, Mortgages, Andrew Simon said, “As a fully digital offering, Iress’s Digital Mortgages is the first of its kind. It’s fully integrated into MSO and will enable any of our clients to offer their customers a seamless, fast and efficient online mortgage application process. We’re seeing an increasing number of consumers state their desire for a digital capability to compliment the advice-led process and Iress’s Digital Mortgages provides that. We’re thrilled that Leeds Building Society is the first to market with this.”
Leeds’ Chief Commercial Officer, Andy Moody said “Our purpose is to put homeownership within reach of more people generation after generation, and it motivates everything we do at Leeds. By partnering with Iress to offer direct-to-consumer digital mortgages we’re improving accessibility to our wide range of mortgages and increasing the ease with which we support borrowers. We are proud to be the first partner to work with Iress on this service and look forward to supporting more members with their mortgage needs.”
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