finova rolls out originations platform to Suffolk Building Society

Cloud-based mortgage and savings software provider, finova, has announced that its Apprivo mortgage originations platform is being rolled out by Suffolk Building Society in an upgrade to the lender’s offering.

The integration will see finova support Suffolk Building Society’s digital strategy to invest in front-end mortgage origination.

Suffolk selected finova’s Apprivo originations banking platform to deliver a faster broker and lender experience, and the partnership will facilitate mortgage origination across multiple lending types, including residential, ex pat, buy-to-let and self-build.

With a selected broker network, the society successfully launched a trial of Apprivo for residential mortgage customers late last year, which has helped the society undertake a period of quality assurance.

A further release to brokers is underway to allow all Suffolk brokers the ability to use Apprivo for residential mortgage applications. The next launch phase will deliver all of Suffolk’s products on Apprivo.

finova’s chief operating officer, Richard Marsh, commented: “It’s a pleasure to partner with Suffolk, one of the most respected and innovative lenders in the market.

“Apprivo will deliver a cutting-edge experience for Suffolk’s intermediary clients while streamlining operational efficiencies. We are looking forward to building on this success with Suffolk, offering a quality service to brokers and end customers alike.”

Chief operating officer at Suffolk Building Society, Rebecca Newman, added: “Apprivo is an exciting product which will support our core lending offering and allow the Society to grow and maximise efficiencies.

“The initial trial launch was a success, and we are keen to build on this momentum so that our broker partners can benefit from its top-flight case management dashboards and risk assessment hubs. This partnership will ensure Suffolk continues to deliver a fantastic service in the years to come.”



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