The Mortgage Operation has chosen a new mortgage application processing system in the form of SDS MAPS, from SDS Applications.
After an extensive search TMO decided upon SDS for its system design, flexibility and user-friendliness of the system.
Mark Charlesworth, managing director of TMO, says: “We selected SDS because of their strong track record and depth of expertise in mortgage systems. We found that 'SDS MAPS' was not only the most flexible packaging solution available but was also an excellent platform for delivering easy-to-use enhanced services to our introducer network.
“This capability furthers our commitment to meeting the communications needs of our network of introducers who demand increasingly innovative services.”
TMO has invested heavily in technology-based solutions over the last few years and offers members a sourcing system, TMOS, that gives access to the entire UK mortgage market as well as additional products and facilities.
SDS MAPS features integrated 'mortgage application specific' workflow, case tracking, powerful document production facilities and customisable management information functionality.
It is capable of producing pre-application mortgage illustrations and has been designed to be flexible enough to handle future changes to compliance regulation.
Barry Yager, commercial director at SDS, says: “It will help to drive down packagers costs and simplify communications with their lenders, introducers and clients. It is our intention to provide our clients with the tools to compete with anyone in the industry.”