The Group has been formed following a complete business restructure of existing subsidiaries TFC Homeloans and Oppono.
Orbiter's support services will be available to intermediaries via an advanced technology platform which will initially focus on the specialist sector, with plans to extend this out to the whole of the market by the end of the year.
Existing customers of TFC Homeloans and Oppono will be unaffected by the restructure.
Andy Brown, managing director of TFC Homeloans said: “This is an exciting development for TFC - we have been investing in technology for the last five years in order to provide our customers with the most efficient service possible.
"80 per cent of new applications we receive are now submitted electronically so we are ideally placed to be part of Orbiter's vision."
Brian Pitt, non-executive director of the new group added: “These are challenging times across the mortgage market but there are also some major opportunities.
"Lenders and distribution owners such as networks are openly saying their future strategies include linking only with forward thinking companies who can add value in the mortgage food chain. That is exactly what Orbiter's proposition offers”.
Orbiter will launch with an initial panel of around 30 lenders and will offer a choice of packaged and direct submission routes for brokers using the system.
