The solution is based on edgeConnect developed by edge IPK, the Open Presentation Platform (OPP) provider. The solution delivers a complete mortgage operation from front office point of sale through to back office administration.
Infinet is built on an agile flexible architecture capable of being adapted to meet lender requirements. This will be the most advanced solution on the market providing Infinity intermediary customers with a dynamic rules based system, which fast tracks users through screens and data capture.
The Infinet project has been fundamental to Infinity Mortgages securing their own warehouse funding facility from Investec.
“The edgeConnect based solution from edge IPK was a very important step for Infinity Mortgages securing investment that has allowed us to underwrite from our own funding line,” commented Matt Gilmour, CEO, Infinity Mortgages.
“Infinet is an industry first end-to-end solution that is completely web-based. The functionality includes all mortgage point of sale, data capture, administration of the offers and completions process and communication with the broker and IFA community. This will allow intermediaries and brokers to have instance access to the solution rather than it having to be distributed to them and installed.”
Dharmesh Mistry, CTO at edge IPK, said: “Most mortgage providers have had legacy systems in place for many years. These systems have been upgraded and had many bolt-on applications added. These systems however do not have the flexibility and scalability that Infinet has.”
“This solution will allow brokers to enter new cases, track progress and gain faster and more efficient approvals. Another advantage is that all mortgage documentation is all available online and at hand to the brokers,” Mistry continued.
“We have achieved exactly what we set out to do. We are the only privately-owned independent mortgage lender in the market which gives us the flexibility to react to market changes quickly. Infinet has been developed by edge IPK and ourselves as we both understand that intermediaries demand quick and efficient services that many lenders promise but fail to deliver,” concluded Gilmour.
