Mortgage Engine connects with 360 Lifecycle

• Mortgage Engine provides the only fully functioning multi decision-in-principle (DIP) technology currently available on the mortgage market
• 360 Lifecycle intermediaries will be able to receive instant decisions from multiple lenders at once, without needing to rekey customer data

Mortgage Engine, which connects distributors and lenders via its API platform, brought the first fully-functioning multi-DIP proposition to the mortgage market in November 2019. The fintech firm has since announced connections with a series of distributors and broker firms.

Cloë Atkinson, managing director, Mortgage Engine, said: “We are working hard to make the mortgage application process more efficient by enabling straight-through application processing which eliminates the need to rekey customer data for DIPs from multiple lenders. This connection with 360 Lifecycle marks a positive step on our journey to achieving that, and it’s really exciting to bring connectivity to a wider range of brokers through our API platform.”

At present, Mortgage Engine is integrated with 22% of the UK mortgage lender market, including Santander and NatWest, but is expanding its proposition with a wider variety of lender connections over the coming months.

360 Lifecycle provides an interactive client management platform, 360 Lifecycle, that supports IFAs, mortgage and insurance brokers to grow their business. 360 Lifecycle currently provides benefits to over 20% of the mortgage market. The system puts firms in control of their data and company processes by improving customer service, maintaining strong client relationships and creating new opportunities.

Ozgur Unlu, CEO, 360 Lifecycle said: “We are doing everything we can to empower our mortgage adviser partners to transact business more efficiently.  This new proposition will enable them to get a decision to clients quicker and help secure them a mortgage, which is imperative in the current market. Mortgage Engine has brought an innovative proposition to the mortgage market and we look forward to working with them on this to support our intermediary partners.”