LiveMore launches new mortgage origination platform with automated DIPs

LiveMore has built a new in-house mortgage origination platform, incorporating an automated Decision in Principle (DIP) function.

The DIP capability will enable brokers to offer immediate decisions in principle across LiveMore’s entire product range.

The mortgage lender for over 50s was set up in 2020 and its technology was initially outsourced to a third-party provider.

The automated DIP returns an immediate response on declared information and conducts a soft credit search at the same time. Many of LiveMore’s clients have intricate requirements so it has a four-tier criteria strategy to guide the broker to the most suitable product.

The system can also show the maximum borrowing amount on different products, taking into account all income and circumstances such as unusual property construction, debt consolidation and adverse credit.

Leon Diamond, CEO and founder of LiveMore, commented: “Having built up LiveMore into a successful, highly capable and competitive lender shaking up the 50-90+ mortgage space, it made perfect sense for us to bring our technology in-house. The timing was right and our expert technology team has been busy creating this state-of-the art DIP and origination portal.

“Going forward, we have a roadmap of improvements so the next stage will be working on new functionality to enrich the broker journey even more.”