One Mortgage System (OMS) has launched a processing platform taking brokers from enquiry to completion.
OMS officially launched today with over 3000 advisers registered to use the system.
The system was piloted with packager/distributor, AToM and is said to save users two hours per case on completing paperwork because information only had to be entered once.
Connor Jennings from One Mortgage System, said: “Technology has had a huge impact on the way we all operate in our daily lives.
“Up to now, however, it has struggled to provide a way to manage the lending process from end to end, especially at the intermediary level.
“That all changes now. OMS creates the kind of environment that advisers have been asking for; namely a seamless process that finally provides a ‘joined up’ client and case journey.”
OMS integrates the key milestones of the lending process without rekeying of data, even when there is a lender change, giving brokers more time to talk to customers.
With all customer data securely stored in the Cloud, users can also be confident that they will more easily comply with the upcoming GDPR requirements on the way that client data is stored and accessed.
Other features include: whole of market first and second mortgage and bridging sourcing, evidence of research, full and integrated factfind and KFI and ESIS production for each lender.
There’s also full lender integration, prepopulated application forms, the ability to send and receive forms to and from clients (via your website), and to upload application and supporting documents.