Legal & General invests in mortgage broking platform Smartr365
Today, Legal & General’s Fintech business is announcing a £3 million investment in Smartr365, which supplies systems to the UK mortgage intermediary market. The business was established in 2016 with the aim of helping mortgage brokers deliver a digital and more efficient service for customers.
Smartr365 has a number of valuable services on offer, including a cutting-edge online fact find, which delivers a great customer experience, market-leading CRM and efficient customer verification processes, designed to speed up the collection of critical data to condense the mortgage administration process from weeks into hours along with a unique customer portal, which helps to build and cement long term engagement between advisers and their customers.
Nick Frankland, Director of Fintech at Legal & General:"Within the Fintech business in Legal & General we look for opportunities to help markets on the journey from analogue to digital, especially where the customer experience can be improved as well. Smartr365 offers us the perfect platform to combine both of these aims and help the entire mortgage industry."
Notes to editors
Established in 1836, L&G is one of the UK's leading financial services groups and a major global investor, with £1.2 trillion in total assets under management (as at FY25) of which c. 43% (c. £0.5 trillion) is international. We have a highly synergistic business model, which continues to drive strong returns. We are a leading player in Institutional Retirement, in Retail Savings and Protection, and in Asset Management through both public and private markets. Across the Group, we are committed to responsible investing and dedicated to serving the long-term savings and investment needs of customers and society.