Twenty7Tec adds Reliance Bank to its APPLY module

By Megha Bhattacharya

UK-based mortgage technology provider Twenty7Tec today announced that it has added Reliance Bank to its APPLY module. The new development is expected to enable mortgage intermediaries to submit applications to Reliance from the CloudTwenty7 platform.

Nathan Reilly, Head of Lender Relationships at Twenty7Tec, commented, “Twenty7Tec is committed to working with lenders of all shapes and sizes to deliver on our ambition of making the process of applying for a mortgage simpler, faster and more efficient. We look forward to working with the team at Reliance to help them to deliver the best possible outcomes for intermediaries and their customers”.

According to Twenty7Tec, APPLY connects lender and intermediary systems via a range of APIs. Users of APPLY are able to submit either decisions in principle or full mortgage applications to lenders connected to the APPLY system. APPLY streamlines the application submission process by acting as the single point of transmission for all data, documents and communication relating to the application.

Gareth Byrne, Head of Mortgages for Reliance Bank added, “The rollout of APPLY has been something that Reliance Bank and Twenty7tec have been working on for a while now and I am delighted that we are now officially able to launch this into the intermediary marketplace. The benefits of APPLY will help improve the mortgage broker’s application journey with Reliance Bank whilst still maintaining our high level of personal ownership of applications. This roll out is a further important step in the Bank’s journey in the mortgage intermediary market and further strengthens our ongoing relationship with Twenty7 Tec.”

Recently, Twenty7Tec announced that it has entered into an agreement with Skipton Building Society. The collaboration is expected to support the integration of Twenty7Tec’s APPLY module with Skipton’s origination platform. The companies aim to roll out the integration in Q1 2021.

Twenty7Tec’s CloudTwenty7 platform has been developed with an aim to make the process of searching, applying for and obtaining a mortgage simpler, faster and more efficient. The platform can be used by all participants in the mortgage market.