Confused.com customers searching for a remortgage can now get a Decision in Principle (DIP) with NatWest without leaving the comparison site, thanks to technology powered by Koodoo.
Upfront DIPs provide customers with greater transparency on an indicative amount they could borrow earlier in the process, and are a critical step towards achieving Koodoo’s mission of a seamless and transparent mortgage process.
Next on the roadmap for Koodoo is to deliver a NatWest decision-in-principle journey for purchase (first time buyer and home mover) customers, expected by the end of February. Further integrations over the coming months will broaden the existing integration with Santander to joint applicant mortgages, and extend upfront decisioning to other lenders and comparison partners.
Customers who require additional support in their mortgage comparison journey can always reach out to Koodoo’s broker partners for advice.
Seb McDermott, CEO and co-founder of Koodoo said, “Integrated decision-in-principle journeys are a critical step towards achieving our mission of a seamless and transparent mortgage process. Unfortunately, so much of the online customer mortgage journey today is clouded with uncertainty, particularly around eligibility for remortgages. We are delighted to now be shedding light on true lender eligibility on the Confused.com site through our partnerships with NatWest and Santander.”
Koodoo is a mortgage technology company that works with consumer sites, lenders and investors to intelligently connect homeowners with their next mortgage. Our vision is a world where securing the financing for your dream home is seamless and transparent.
Koodoo is backed by Blenheim Chalcot, the UK’s leading venture builder.