OMS sees 30% increase in Q1 completions

One Mortgage System (OMS) has seen a 30% increase in mortgage transactional completion volume year-on-year.

The tech provider said that the increase underscores its "role at the core of countless broker processes".

OMS is an end-to-end platform which covers product areas such as residential, buy-to-let, second charge, equity release, bridging, commercial plus general insurance, and protection.

It is integrated with providers – Ignite, Submissions Brain, The Source, Twenty7Tec, iPipeline, Hometrack, Experian, Equifax, Uinsure, Air Sourcing and Knowledge Bank – to provide users with best in class for product sourcing, protection sourcing and criteria searching.

The figures follow the recent launch of OMS Originations, a loan origination platform specifically aimed at banks, building societies and specialist lenders. It aims to streamline the end-to-end mortgage process journey supporting instant decisioning, product engine, underwriting processing plus second- and third-line audit functionality.

Managing director at OMS, Neal Jannels, said: "[This year] has proved to be an incredibly busy period of the business which is 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. We have always had a growth strategy in place to bolster our sales and support teams to coincide with this launch but an overwhelming positive instant reaction has further expedited these future plans.

"This reaction serves to demonstrate the scale of the appetite from the lending community for such a proposition and we will continue to strengthen in key areas to ensure we are delivering the most complete customer-centric experience across the whole business."



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