BEP Systems has been appointed by Jordan International Bank Plc (JIB) to provide system solutions for its new mortgage and buy-to-let lending platform.
JIB has permissions to carry out regulated home finance lending in the UK and plans over time to launch a number of product lines.
It intends offering its regulated home finance offering through its private banking arm. It will consider financing first charge residential mortgages, with loans of between £150,000 and £8 million, both for owner occupation and investment (buy to let) purposes.
BEP has developed systems to cater for first charge and buy-to-let lending with complex affordability modelling across multiple asset classes.
Hichem Turki, head of private banking at Jordan International Bank, said: “We were very impressed with the credentials of BEP Systems as they work with other established UK mortgage and buy to let lenders. Their knowledge and understanding of the business requirements for our new and innovative range of products as well as the product flexibility to tailor our regulated lending offerings to meet our customer needs were excellent.”
Chris Little (pictured), managing director of BEP Systems, added: “I‘m delighted to have worked with an established UK bank developing new products and services for its international client base. Our Apprivo2 platform has been customised to suit the challenging requirements of the new products to be offered by JIB. We believe Apprivo2 is one of the fastest growing systems in the UK serving specialist finance lenders and continues to provide cutting edge software solutions.
“We have also managed to contract and commence delivery of this project during the Covid-19 lockdowns with staff working remotely, demonstrating the flexibility of our staff at being able to continue to operate at full capacity to support our existing customers whilst continuing to work on new projects.”