Smartr365 has agreed a partnership with Digidentity for digital ID verification.
As part of the agreement, Smartr365 is now the only mortgage platform where brokers can access Digidentity’s digital ID verification service.
Moreover, the integration will mean Smartr365 and Digidentity can remotely verify the customer’s identity for underwriting and compliance purposes.
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Once a borrower has created a verified ID with Digidentity, the details can be carried forward and transferred throughout the different stages of the whole mortgage journey as one digital document.
Furthermore, Digidentity is compliant to eIDAS regulation and provides remote Qualified signatures.
Conor Murphy, chief executive of Smartr365, said: “The future of the mortgage process is digital, and the market has taken significant strides forward over recent months.
“Our commitment to a frictionless, digital process is at the core of what Smartr365 gives brokers, and this exclusive partnership with the industry’s leading digital ID provider is the next step in making the Smartr365 the go-to broker software platform.”
Marcel Wendt, chief technology officer and founder at Digidentity, added: “The need for physical ID verification is a hassle for customers and brokers, and it is open to fraud and abuse.
“Digital verification is more secure, more efficient, and should become the new normal in the mortgage market. Digital ID verification can transform a time-consuming process into something that is simple and easy for customers.
“Our exclusive partnership with Smartr365 is a logical move to increase our footprint among UK mortgage brokers.”