Finova enters AI partnership with Leeds Building Society

Finova has entered a new partnership with Leeds Building Society, rolling out an AI tool that aims to give brokers greater efficiency.

The tool, called Agentic Apply, works with every lender in the UK market and covers purchase, remortgage, rate switch, porting and additional borrowing cases across residential, BTL, LTB and Joint Borrower Sole Proprietor mortgages all in one place.

Through the partnership, brokers will be able to submit applications for free through Agentic Apply in a three-month introductory period.

Agentic Apply uses AI to remove the re-keying of customer information, so data captured during the fact-find flows directly into any lender’s application portal.

Since its beta launch on 24th September, Agentic Apply has processed over 1,000 applications.

According to Finova, each application saves brokers a minimum of 30 minutes, and in many cases up to 3-4 hours.

“Our partnership with Leeds Building Society, alongside our wider introductory offer, will give more brokers the opportunity to experience the benefits first-hand and see how AI can transform the way they work,” said Gareth Richardson, CEO at Finova (pictured above).

James O’Reilly, head of intermediary partnerships at Leeds Building Society, added: “We spend a lot of time listening to our intermediary partners about what would make a genuine difference to them.

“That’s why we’re pleased to support Finova as it rolls out Broker Hub and Agentic Apply, giving brokers another option to reduce repetitive administration while keeping them firmly in control of the application.

“We hope that gives more brokers the opportunity to try the technology for themselves and see how it could help them spend less time on admin and more time supporting their customers.”