Target Group launches open banking system to speed up DiPs
The new method uses open banking to provide accurate income, expenditure and property valuation information, at the beginning of the application process – rather than relying on estimates. Cutting decision-in-principle waiting times “from up to eight weeks down to just seconds” for lenders who use the Mortgage Hub system.
What we have designed will dramatically shorten the time it takes to apply for a mortgage, achieve acceptance and successfully complete. Basing a decision in principle on accurate information that can be gathered in moments should be transformative, saving time for brokers, lenders and the end client.
Target Group
