The Hanley Economic Building Society has partnered with DPR to initiate an overhaul of its current mortgage and savings platforms, as well as revamping its back-office systems.
The mutual says that, from a mortgage market perspective, the overhaul will offer intermediary partners access to a new, improved and fully functional online system. This should help speed up and simplify the application process.
The project is expected to take 12 months in total and is scheduled to be completed by April 2021.
Key to Hanley’s intermediary proposition is its manual underwriting process. This underwriting function will remain firmly in place but, upon launch, the Society will be in a position to offer intermediary partners an additional option of obtaining a decision-in-principle (DIP) through the system if appropriate, as well as access to a DIP referral scheme.
Mark Selby (pictured), CEO at Hanley Economic Building Society, said: “After three years of breaking records with our commercial performance, and maintaining great service, it’s time to take the society to a more modern model. We will absolutely keep all the things our members love about Hanley Economic Building Society, but we have realised the need to expand our capacity and offer a more modern service.
“The core of our system has been the same for 25 years and we have maximised its capacity. We needed something more fit for the future and working with DPR is proving to be the perfect fit for our mortgage and savings platforms.”
Dave Patel, CEO and founder at DPR, added: “We’re really pleased to be working in partnership with Mark and the team as they start the transformation of their savings and mortgage business.
“Our strong focus on the building society sector and breadth of market understanding bears testament to our tried and tested solution capability. I’m confident that our solution will not only power their customer and broker-centric propositions once implemented but also enable them to adapt and continually evolve in the years to come.”