Loan origination platform OMS has seen a 30% increase in mortgage completions during the first quarter of this year, when compared to the same period last year.
This end-to-end platform is used by banks, building societies and specialist lenders across a wide range of product areas, including residential loans, buy-to-let, second charge mortgages, equity release, bridging, commercial plus general insurance, and protection.
OMS Originations has integrated with a number of providers, including Ignite, Submissions Brain, The Source, Twenty7Tec, iPipeline, Hometrack, Experian, Equifax, Uinsure, Air Sourcing and Knowledge Bank – to provide users with product sourcing, protection sourcing and criteria searching services.
It said this strong increase in transactional volumes reflected its role at the core of broker processes. OMS has now attained ISO 27001 certification for its CRM platforms. Last month it launched ‘OMS Originations’ which streamlines the whole end-to-end mortgage origination journey supporting instant decisioning, product engine, bespoke underwriting processing plus second and third line audit functionality.
A customisable dashboard allows lenders to create efficient workflows to meet a variety of borrowing requirements without having to endure lengthy development times or additional costs.
One Mortgage System managing director Neal Jannels says: “2024 has proved to be an incredibly busy period, demonstrated by this substantial uplift in transactional business across the platform, a raft of new integrations and in the onboarding of an ever-growing number of users.
“In addition, the introduction of our Originations platform has been a long and detailed process in terms of testing, developing and implementation.”
He adds that this growth demonstrate the scale of the appetite from the lending community for such a proposition and added that the company will continue to strengthen its offering in key areas.
