SYNChome | Unlocking the power of digital mortgages

#AI-powered end-to-end platform for #MortgageBrokers and customers, MortgagX | AI Mortgage App, has expanded its capabilities with new features to help banks and lenders enhance the #MortgageJourney. 👇🏻

🤝🏼 As Chorley Building Society looks to transform its core banking system and front-end digital platforms, it has announced a new strategic partnership with Tata Consultancy Services (TCS). 👌🏻 TCS will now provide access to TCS BaNCS for Core Banking, Digital Home Lending Solution for #MortgageOrigination and a mobile app, which will underpin Chorley’s #DigitalTransformation and improve the user journey for both members and #mortgage intermediaries. Amit Kapur | #BuildingSocieties | #DigitalMortgage | #MortgageBrokers

In its latest report, The new ‘normal’ – prospects for 2025 and 2026, IMLA - The Intermediary Mortgage Lenders Association predicts that #MortgageLending will grow in 2025, with brokers taking a bigger proportion of business. The body predicts that the share of #mortgage business done via intermediaries will continue to grow from from 87% in 2024 to 89% in 2025 and 91% in 2026. #MortgageMarket | #HousingMarket | #MortgageBrokers | #MortgageAdvisers

Only about 30% of lenders’ #PropertyRisk decisions rely on #AutomatedValuations today: while some lenders use digital tools for straightforward cases, others remain cautious, still relying on manual methods for simple decisions. What needs to change for broader confidence in automated valuations? Theo Brewer | Hometrack (part of Houseful) | #MortgageIndustry | #PropertyData

🤝🏼 Collaboration with ID-Pal enhances OnlineApplication.com’s ability to provide real-time #IdentityVerification for a more efficient #mortgage approval process while ensuring full compliance with AML and KYC regulations. 🔍 The partnership allows brokers and lenders to identify fraudulent documents with industry-leading accuracy, providing enhanced security without compromising user experience. Karl Deeter | Colum Lyons | #AI | #MortgageProcess | #MortgageBrokers | #MortgageJourney

Financial Reporter spoke to James Briggs, newly appointed intermediary sales director of specialist lender Afin Bank Limited, which received its banking licence Authorisation with Restrictions last month, and asked him about its target customers and how the bank plans to work with brokers. #mortgages | Jason Oakley | Alan Davison | #SpecialistLending | #MortgageLending | #MortgageBrokers

#Mortgage applications are set to become speedier after Nationwide Building Society joined forces with Experian to automate the checks needed to verify a customer’s income. Through Experian’s Work Report™ income and employment verification service, Nationwide is able to digitally confirm homebuyers’ declared income instantly, removing the need for applicants to provide manual income proofs, such as copies of their payslips. #MortgageApplication | Paul Speirs | #MortgageJourney | Henry Jordan | #homebuying | #MortgageProcess

Haven't met Karl Deeter at #SYNChome last month? Here's OnlineApplication.com in a nutshell: #mortgages & insurance easier, faster and better for everybody. #MortgageJourney | #MortgageProcess | #MortgageTechnology | #MortgageBrokers

Ameriabank CJSC has been recognised as Armenia’s best bank for #RealEstate by the international financial publication Euromoney, becoming the first-ever recipient of this award in Armenia: an acknowledgement not only of the bank's financial success and client service, but also of its commitment to improving the sector through technological advances and sustainability initiatives. Ameriabank achieved notable growth in its real estate business in Armenia during the review period from June 2023 to June 2024. The bank’s gross #mortgage loan portfolio grew by 25.3% to AMD 233.2 billion (US$600 million), capturing a 21.3% share of the Armenian #MortgageMarket as of June 2024. ➡️ https://lnkd.in/eWZeRW8s ⬅️

Gen H, Legal & General Surveying Services, and Rightmove have worked together to launch a new property decisioning engine aimed at speeding up and improving #PropertyValuations. #homebuying | #MortgageProcess | Karen Appleton | Kevin Roberts | Edward Burgess | #PropertyData | #MortgageJourney