Nationwide Building Society has become the first lender to sign up to EDM Mortgage Support Services’ PRISM solution, with other lenders expected to follow suit in the New Year.
PRISM – which stands for Portal for Risk Information Sharing in Mortgages – is an EDM Group hosted digital hub which brings the current manual process online, enabling lenders to access third-party data and make business decisions around the suitability of property in seconds as opposed to days, and promises to revolutionise the customer journey and experience.