Mortgage origination software house, BEP Systems, has been appointed by Jordan International Bank (JIB) to provide system solutions for its new mortgage and buy-to-let (BTL) lending platform.

BEP has developed systems to cater for first charge and BTL lending with complex affordability modelling across multiple asset classes.

The move will see JIB customise BEP’s Apprivo2 software platform, with the new system allowing for seamless two-way integration with the Finastra core banking engine for loan on-boarding, as well as pre-populating application details for existing JIB customers.

JIB confirmed that credit reference integration with Experian and currency conversion will also be catered for.

JIB CIO, Sanjay Rajagopal, commented: “We went through a rigorous evaluation of system capabilities of several solutions and BEP’s solution had a modern design and robust integration capabilities to back office systems that can introduce efficiency and automation in our mortgage operations, which influenced our decision making and the final choice of the solution.”

The bank revealed that it intends to offer its regulated home finance offering through its private banking arm, which will consider financing first charge residential mortgages, with loans of between £150,000 and £8m – both for owner occupation and BTL purposes.

BEP Systems managing director, Chris Little, added: “I’m delighted to have worked with an established UK bank developing new products and services for its international client base. Our Apprivo2 platform has been customised to suit the challenging requirements of the new products to be offered by JIB.

“We believe Apprivo2 is one of the fastest growing systems in the UK serving specialist finance lenders and continues to provide cutting edge software solutions.”

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