One Mortgage System (OMS), which has launched today, is claiming to offer mortgage brokers a “seamless” processing platform from enquiry to completion.
It says that its pilot users have saved over two hours per case on completing paperwork, due to its ‘key once only’ technology. OMS has over 3,000 advisers registered to use the system following the pilot.
The service will launch initially via packager/distributor, AToM.
OMS claims features include the following:
- Whole of market first and second mortgage and bridging sourcing
- Evidence of research
- Full and integrated factfind
- KFI and ESIS production for each lender
- Full lender integration
- Information keyed once only
- Prepopulated application forms
- Send and receive forms to and from clients (via your website)
- Upload application and supporting documents
- Receive 24/7 updates/ 2 way online communication
- Full audit trail
- Client data securely held in the cloud
Connor Jennings from One Mortgage System Ltd 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 and all with no rekeying of data, even when there is a lender change. OMS saves time and therefore lets brokers spend more time talking to customers and less time duplicating paperwork. 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.
“OMS is already providing brokers with a complete package that, for the very first time, has the ability to revolutionise lending workflows, free up more time to be talking to clients, increasing sale time and revenue, while also assisting compliance and client data storage requirements.”