Mojo Mortgages and Mortgage Engine have partnered in order to create a digitised end-to-end mortgage process.
As part of the agreement, Mojo Mortgages brokers will benefit from being able to source multi- decision-in-principles (DIPs) from a single client application, through Mortgage Engine’s application programming interface (API).
The API platform will enable brokerages to streamline their connection with lenders, according to Mortgage Engine.
Brokers must embrace technology to enhance their capabilities for the long-term
Furthermore, Mortgage Engine is currently integrated with 22% of the UK mortgage lender market, including Santander and NatWest.
Cloë Atkinson, managing director, Mortgage Engine, said: “Mojo Mortgages is likeminded in its commitment to simplifying the customer experience. As a fintech, we believe that harnessing technology like APIs is key to meeting the market challenges over the long-term.
“We are proud to provide the only fully functioning multi-DIPs technology currently available on the mortgage market and partnerships like today’s mark welcome progress in our journey to connecting more of the industry.”
Richard Hayes, chief executive and founder at Mojo Mortgages, added: “We are on a mission to create a better mortgage experience for everyone and by connecting with Mortgage Engine’s API platform, it marks an exciting step in our commitment to doing just that.
“Over the past few months, we have seen a huge demand from customers who are looking to move and take advantage of the stamp duty holiday which ends in March, and by working with Mortgage Engine, our advisers will be able to drive further efficiency in the application process to help our customers secure their dream homes.”