Specialist Mortgage Group’s (SMG’s) Lenderlink application platform is to make Masthaven Bank’s second charge products available, with access to near-instant DIP responses granted to SMG brokers through the new API connection. Masthaven noted that it plans to introduce its API connection to more broker firms later in the year, as it takes steps to increase its presence in the mortgage market. Jon Hall, Masthaven managing director at Masthaven, commented: “APIs are promising to completely transform the mortgage industry and we are already seeing the positive impact of these through the likes of auto-filling technology and real-time case tracking. Our link-up with SMG is testament to Masthaven’s ongoing commitment to embrace technology within the sector to provide second charge products to an audience as wide as possible.” Meanwhile, Matt Cottle, project director, Lenderlink and chief executive officer, Specialist Mortgage Group, stated: “It’s great to see the power of APIs really starting to make a difference in the market and we look forward to seeing more of these capabilities utilised in due course.”
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