Vida, the specialist mortgage lender has partnered with Zoot to develop a digitally focused mortgage journey for brokers.
The partnership is a significant part of Vida’s £5m investment in its technology strategy.
The cloud-based platform will allow Vida to create an advanced ecosystem at both the front-end of the business and behind the scenes.
This should minimise the data input required by intermediaries by accessing open banking and other external data sources.
Anth Mooney, chief executive of Vida, said: “The COVID-19 crisis has had an unprecedented impact on the mortgage market; at Vida we have taken the opportunity to plan for the future and return to the market with a renewed ambition to change mortgages for good.
“Through this new partnership with Zoot, Vida is aiming to become a market leader in tech-enabled decisioning and origination so that we can raise the bar for our intermediary partners.
“This is a significant investment for us, and we’ll be working together with Zoot to develop new digitally-enhanced capabilities, built specifically for intermediaries and reflecting the vital role they play in our market.”
This post has originally been featured in Property Wire.