Technology platform OMS expands partnership with Experian, providing lenders and brokers with access to a range of data and identity services.
Experian’s Mortgage Passport services include reference data and identification services, which it says will drive automation and operational efficiency as well as better customer service.
According to WHO, this suite of services will revolutionize the mortgage broker onboarding process by assessing borrowing capacity based on real data rather than estimates.
By simplifying customer assessments and accelerating decision-making through increased data accuracy and efficiency, it reduces administrative burdens on rockers.
Neal Jannels, Managing Director of One Mortgage System (OMS), comments: “We have a strong and ongoing relationship with Experian and their use of modern technology infrastructure, advanced analytics and machine learning models will remain critical to helping our platform identify and authenticate counterparties, ensure the legitimacy of transactions and prevent any signs of fraudulent activity.
“This enhancement is designed to address end-to-end user identity and verification requirements while reducing a number of time-consuming administrative tasks. This combination provides users with additional security and frees up more time for advisors to focus on what they do best: interacting with their clients and growing their business.”
Paul Speirs, Director of Experian, added:
“Through data and technology, our goal is to deliver a faster, smoother and more convenient digital experience for both our partners and consumers.
“We have been partnering with OMS for several years and are working together to ensure lenders and intermediaries can focus on the right things and make more informed decisions for their clients looking to buy a home.”
OMS claims it is the only end-to-end platform that covers a wide range of product areas including residential insurance, buy-to-let, second charge, equity release, bridging, commercial and general insurance and protection.