Teachers Building Society is the first BEP Systems client to have both mortgage and savings systems developed.

The Apprivo2 platform will provide the society with the technical infrastructure to continue to grow its member base whilst also facilitating an enhanced experience for new and existing members when they open and manage mortgage and savings accounts.

Teachers Building Society was founded in 1966 to help teachers with small deposits own their own homes, a mission that still drives them today. It says the investment in this software will ensure it can support more teachers in taking their first steps on the housing ladder in the coming years.

BEP Systems will deliver origination solutions for the society’s range of teacher exclusive mortgages, as well as for buy-to-let and holiday let products. Additional borrowing, transfer of equity and change of repayment type for borrowers will also be supported. The platform will also enable continued growth of the society’s intermediary focussed complex mortgage range.

Savings solutions will apply to products including Cash Isa, easy-access savings and notice accounts for teachers, corporate and charitable organisations.

BEP will be leveraging integration to Finastra’s Essence core banking platform who are forming an integral part of the project by providing new end to end digital core banking and self-service features. The platform will utilise automated third party interfaces to CRAs, EID platform, AVMs as well as e-signature tools.

Teachers Building Society chief executive Simon Beresford says: “BEP Systems impressed us with their track record of delivering solutions in the mortgage origination sector and their capability for savings software. The solutions will ensure we can offer new and existing Society members cutting-edge experiences now and into the future.”

BEP Systems managing director Chris Little says: “I’m thrilled to be working with a highly respected building society to improve the efficiency of their origination systems. In particular this is a significant appointment for us as it is our first client for whom we’ll be providing savings systems. This further demonstrates the versatility of our Apprivo2 platform, the fastest growing system in the UK serving specialist finance providers.”