View more on these topics

TMO chooses new mortgage application system

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 &#39SDS MAPS&#39 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 &#39mortgage application specific&#39 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.”


Yorkshire ready to sign new subsidiary Accord

Yorkshire Building Society has named its new subsidiary Accord Mortgages – an intermediary-only channel to be launched in March 2003. Accord is headed by Linda Will, who takes the role of managing director and previously worked on the society&#39s e-commerce capability. Mark Underhill joins as commercial director from Yorkshire&#39s product development team and current intermediary […]

NAMBA/AIFA plan first public outing at Expo

The new association between NAMBA and AIFA will appear in public for the first time at next week&#39s Mortgage Business Expo at London&#39s Olympia, writes Helen McCormick. Members of the National Association of Mortgage Brokers and Advisers steering committee and staff of the Association of Independent Advisers will share a stand at the event. NAMBA […]

Standard Life staff launch &#39Give it Life&#39 Initiative

Standard Life group yesterday launched its &#39Give it Life&#39 staff fundraising initiative in conjunction with the three charities chosen by Standard Life staff – Breast Cancer Campaign, The Prostate Cancer Charity and the Royal National Institute of the Blind. The &#39Give if Life&#39 initiative challenges each and every staff member of Standard Life (and retired […]

Abbey National pulls in the pub business

Despite the increasing popularity of the takeaway and six-pack, the British are still queuing up for a pub-pulled pint, according to figures released by Abbey National business. The bank has seen a 45 per cent leap in people taking out mortgages for public houses over the last six months.1 The increase in leisure time and […]


Guide: reporting to the Pensions Regulator — what and when?

Johnson Fleming has published a step-by-step guide demonstrating the importance of record keeping and reporting, and how it can ensure you operate a successful scheme. The guide takes you through some key questions you need to ask and identifies the information you need to obtain. The topics include: why you need to keep records and the benefits of doing this; registering your scheme; what information you need to record to ensure you meet the Pensions Regulator’s requirements; and what items need to be recorded and when.


News and expert analysis straight to your inbox

Sign up