One Mortgage System has upgraded its integration with automated valuation business Hometrack to speed up home loan applications.
The mortgage processing platform for brokers says the move gives advisers access to Hometrack’s new Broker Automated Valuation Model, which includes an optimised pre-application filter as well as the firm’s data lake and ecosystem.
It says the upgrade will benefit brokers by “helping them to avoid the need to go through time-consuming questions with their clients”.
Hometrack, founded in 1999 and owned by online property group Zoopla, produces more than 50 million automated valuations and risk assessments a year.
One Mortgage System is a customer relationship management system, which covers such product areas as residential, buy-to-let, second charge, equity release, bridging and commercial, as well as general insurance and protection.
The firm has previously integrated its software with six other platforms — Iress, Twenty7Tec, iPipeline, Submissions Brain, SmartrFit and Knowledge Bank — which cover product sourcing, protection sourcing and criteria searching.
One Mortgage System managing director Neal Jannels says: “This integration with Hometrack marks the next stage in our constant quest to add efficiency and functionality which enables One Mortgage System users to enhance the client experience at the same time as streamlining their own front and back-end processes.
“Collaborative approaches between leading tech providers remain the key to delivering the systems and solutions which can make a real difference for a range of borrowers and advisers. We will continue to explore opportunities with like-minded partners moving forward.”
Hometrack vice president commercial George Robbins adds: “Our vision is to provide a fluid and transparent digitised homebuying and selling journey for brokers, lenders and consumers.
“One Mortgage System are a like-minded company and we look forward to realising the full potential of this partnership.”