Despite significant advances made in recent years, the UK mortgage market is still dominated by archaic and time-consuming paper based processes, particularly when it comes to organisations communicating with each other. Regulation will soon make the current situation unworkable, with the delivery of accurate compliant KFIs being a mandatory requirement. Commercial pressures will mean that the inefficiencies of re-keying and using the phone to provide progress updates will have to disappear.
SDS Applications have designed the mortgageweb to provide Lenders, Packagers and Brokers with a standard interchange between their internal IT systems and those of almost every other third party involved in the mortgage application process. By allowing the various parties to communicate electronically with each other, regardless of type of system via standardised interfaces, the mortgageweb solves the KFI problem, eliminates data re-keying, automates case tracking and speeds up the overall process.
the mortgageweb is designed to operate as a network where any party can share information and services with any other party without the need for special pre-arranged interfaces.
the mortgageweb system to system plug-ins include:
