Mortgage Magic launches remote KYC for paperless client verification

Mortgage Magic has announced the full integration of electronic ID verification (e-ID) into its broker workflow. 

This upgrade allows advisers to complete remote Know Your Customer (KYC) checks in minutes via the Mortgage Magic client app, replacing manual document collection with bank-grade security.

With mortgage fraud on the rise and anti-money laundering regulations becoming stricter, brokers are under pressure to verify clients accurately. Mortgage Magic says the traditional method, asking clients to bring passports to an office or email scanned copies is inefficient, creates friction, and is increasingly vulnerable to forgery.

Mortgage Magic is now embedding e-ID directly into the client onboarding journey. Clients can verify their identity remotely via a secure link on their smartphone, eliminating branch visits or posted documents, and advanced facial matching catches forged IDs.

The system also runs instant background checks against global watchlists and logs it directly to the broker's compliance file.

Tanjir Sugar, CEO at Mortgage Magic, commented: "Identity verification should be the most secure part of the mortgage process, but it shouldn't be the hardest.

"We have moved past the days of 'certified true copies' and waiting for a post. By integrating facial verification checks directly into the platform, we are giving brokers the tools to spot fraud instantly while offering genuine clients a frictionless, digital onboarding experience that takes seconds, not days."