Podium connects with Mortgage Engine to offer multi-DIPs to Moneysupermarket Group customers

Mortgage Engine – the fintech platform redefining the mortgage process for distributors, lenders and ultimately customers – today announces a connection with Podium – the mortgage comparison platform co-founded by Moneysupermarket Group.

The connection will allow Moneysupermarket Group customers to receive instant decisions direct from multiple lenders.

At present, Mortgage Engine is integrated with 22% of the UK mortgage lender market, including Santander and NatWest, and has many more lenders lined up for integration in the coming months.

In 2020, Mortgage Engine’s offering will also include application integration with lenders.

Customers seeking professional advice on which lender to choose will then be directed by the Mortgage Engine system to brokers from the Moneysupermarket Group platform, further enhancing the efficiency and suitability of the application process.

Cloe Atkinson, Managing Director, Mortgage Engine, said:

“It’s great to be partnering with Podium, and to give Moneysupermarket Group customers the benefit of real-time decisions from multiple lenders by only entering their details once.

“For those customers seeking professional mortgage advice, our multi-DiP functionality also reduces the time advisers need to spend on preliminary admin checks, making the process more streamlined, and resulting in more informed product decisions.”

James Sadler, Co-Founder and Strategy Director, Podium, said:

“It is great to work with Mortgage Engine to help Moneysupermarket Group customers get a decision in principle. The changes in the mortgage market are being driven by consumer demand for simplicity, transparency and certainty. A decision in principle is a key step to helping customers move forward in the mortgage process.”

 Mark Gracey, Corporate Development Director Moneysupermarket Group, said:

“Mortgages are one of the last areas of financial services to truly digitise. Millions of customers look to us for help with mortgages every year and they are crying out for greater clarity on the product options available to them, and a simpler and more efficient way to apply.

“Innovation is a central pillar to our Reinvent strategy at Moneysupermarket Group, as evidenced by our launch of Podium earlier this year, and we are delighted to now be working with Mortgage Engine to offer multi-DiPs to our customer base.”