The APPLY platform allows brokers with access to the CloudTwenty7 platform to perform a variety of tasks including apply for a Decision in Principle (DIP) from the lender.
They can also submit a Full Mortgage Application (FMA), avoiding duplication of data and speeding up submission and receive decisions and case tracking updates from Virgin via APPLY.
In addition, they can also view case notes to confirm the required documents which are needed and fees to be paid to Virgin before conversion to full mortgage application.
The roll out of the integration comes following a pilot phase, in which Mortgage Advice Bureau (MAB) and Connells successfully submitted over 1,000 applications to Virgin Money via APPLY.
Simon Wallace, head of mortgage integration and transformation at Virgin Money said: “The wider roll out of the APPLY platform to registered brokers in partnership with Twenty7Tec is very exciting.
“The pilot successfully demonstrated the speed and ease in which brokers can submit business to us through the platform, giving them more time to spend on helping their next client with their application.
“This is a great example of Virgin Money’s commitment to drive change and innovation in the mortgage market and push the boundaries of technology to help our intermediary partners and customers.”
Nathan Reilly, head of lender relationship at Twenty7Tec, said: “The initial roll out of our APPLY integration with Virgin to both MAB and Connells has been our most successful pilot to date, and we are delighted to now be able to extend this integration to all users of our CloudTwenty7 platform.
“This integration represents a significant milestone in our ambitions to deliver the very best solutions to help our advisers’ source, apply and ultimately obtain a mortgage for their clients”.