Accord expands API technology to include buy-to-let cases

Accord Mortgages has made it even easier for brokers to submit mortgage applications for landlords when it recently added buy-to-let functionality to its API technology.

The intermediary lending subsidiary of Yorkshire Building Society announced that brokers using Iress’s Trigold and Xplan Mortgage, or Twenty7Tec Apply software will now be able to process buy-to-let applications via Iress’s Lender Connect system.

This has given advisers the ability to pre-populate Accord’s MSO platform, which will save up to 20 minutes per case.

Read more: Accord confirms plans to roll out new API technology.

Jeremy Duncombe, managing director of Accord Mortgages, said: “Brokers have benefited from the digital efficiencies we’ve seen with our MSO platform and API connectivity working hand-in-hand for residential cases, and we’re pleased to be extending this to buy-to-let business too, meaning all our propositions can now be accessed in one place.

“It’s yet another way we’re improving our buy-to-let proposition; streamlining elements of the application process saves brokers time and effort, which will be felt even more so for advisers submitting multiple applications for portfolio landlords.”

Kelly Bretherton, head of product for intermediary mortgages at Iress, said: “The ability to apply for an ever-expanding range of products through Lender Connect means that brokers can work on a huge range of mortgage scenarios and apply without having to re-key critical information. This greatly increases efficiency, reduces the chance of errors, and makes the overall process much more streamlined.”

Nathan Reilly, director of lender relationships at Twenty7Tec, said: “Advisers are increasingly looking at the ways technology can drive additional time savings and efficiency when submitting applications to lenders. In order to continue this positive trend, it’s vital advisers can realise the benefits of integration across even more cases.”