Nimo teams with mortgage settlement tech

Purcell Partners’ LEXTECH has been added to Nimo to form what the companies have called the first enquiry to settlement platform for lenders.

Nimo chief executive Peter Jones said the embedding of the LEXTECH system is a white-labelled solution that “can be delivered to market immediately”.

Jack Meredith, head of operations at Purcell Partners, added: “With the Nimo partnership, LEXTECH now delivers a digital experience and capability from acquisition through to fulfillment.”

The pair are targeting new loan market entrants with the offering, promising competitive start-up costs and stating an effective digital lending channel has become a “business imperative” during COVID-19.

“Arranging finance and settlement for a home loan has just become easier and less stressful for both customers and lenders, and we can do better for our customers by delivering more flexible interactions and reducing the stress in their daily lives,” Mr Jones said.

[Related: REA acquires interest in mortgage lodgement platform]