28 November 2019
Written By FinTech Alliance in Open Banking
Mortgage Engine uses APIs to connect lenders and distributers.
It officially launched on Tuesday.
This is the first offering that allows decisions from multiple lenders simultaneously.
The API infrastructure enables loan decisions to be made within 60 seconds. In the spirit of open banking, it also avoids repetition in re-entering customer data.
The decision, reportedly under discussion with the UK government, aligns with the UK’s efforts to attract global tech firms
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