New system streamlines application process with integrated credit decisioning and expanded product access

Loughborough Building Society has introduced a new mortgage origination platform with built-in credit decisioning technology, aimed at streamlining the mortgage process for brokers and their clients.
The platform is designed to automate key parts of the application process. While leveraging automation, the system also maintains the mutual’s focus on personalised underwriting.
As part of the upgrade, the platform incorporates an advanced credit decisioning engine that accelerates application processing. This enables Loughborough to expand access to a range of mortgage products, including residential, retirement lending, shared ownership, buy-to-let, holiday let, 100% lending, joint borrower sole proprietor (JBSP), adverse credit lending, right to buy, and right to acquire.
Notable features of the new system include soft credit checks at the decision in principle (DIP) stage, which safeguard applicants’ credit scores while providing clarity on borrowing options. The platform also offers enhanced case tracking and integrates securely with select solicitor panels to further streamline the process.
“The launch of our new platform marks a significant step forward in our commitment to simplifying the mortgage journey for both intermediary partners and the end customer,” said Ashley Pearson (pictured), head of intermediaries at Loughborough Building Society. “By seamlessly blending the efficiency of automation with personalised underwriting, we are ensuring that a broader range of specialist mortgage products are more accessible than ever before.
“This platform not only enhances the application process but also reinforces our dedication to evolving with the needs of our customers, and the market, as we look to further extend our lending volumes and market share across the specialist sectors.”
Want to be regularly updated with mortgage news and features? Get exclusive interviews, breaking news, and industry events in your inbox – subscribe to our FREE daily newsletter. You can also follow us on Facebook, X (formerly Twitter), and LinkedIn.