View more on these topics

Preferred opts for SDS system to support introducers

Preferred Mortgages has chosen the web-based SDS MAPS system to support its introducers under FSA regulations.

The SDS system is a web-based software package that will be available to Preferred Mortgages&#39 introducer partners.

Introducers will have 24-hour access via the internet to product searches, a KFI generator, online application forms and status tracking facilities.

The system incorporates application entry, sourcing and decisioning, document production, case tracking, XML interfaces and reporting functions.

Designed specifically to handle the complexities of the UK sub-prime market, Preffered says the system holds details of complete product profiles to ensure penny perfect KFI documents.

The system also features interfaces to mortgage packagers, brokers, information providers and common trading platforms.

John Webster, business development director at Preferred, says: “We selected SDS MAPS because we believe it is the most robust and flexible system on the market. The system provides a simple solution to delivering the KFI under the FSA regulations, whilst providing an excellent range of online facilities for our introducers.”

Barry Yager, commercial director of SDS, says: “We&#39re delighted to be working with Preferred Mortgages on this important project. There is enormous potential for lenders to use web technologies to cost-effectively improve their service levels and to develop multiple channels of business.”


Savills founder to launch Purely Mortgages later in year

Mark Chilton, the founder of Savills Private Finance, has unveiled the brand name of the national mortgage broker he is to launch later this year – Purely Mortgages The company is aiming to take a significant share of the UK mortgage market within five years. Chief executive Chilton says he has assembled a director team […]

Mortgage club for Scottish brokers

The recently-launched Mortgage Intermediary Alliance has created a dedicated mortgage club primarily for Scotland-based intermediaries. Helix Mortgage Services will provide specialist mortgage services for direct and administered business offering access to commercial, secured and residential mortgage loans. MIAS has formed alliances with three companies to launch the club: Adventi which will provide IT support to […]

Countrywide to set up UK lender

Countrywide Home Loans, the largest independent originator of mortgages in the US, is planning to launch a sub-prime lender in the UK. A source at the US-based lender tells Mortgage Strategy: “We&#39re definitely launching into the UK and we&#39re definitely launching into the sub-prime market.” Loans will be funded through warehouse lines and then securitised […]

Networkone service to help members with PR

Networkone is to launch a major initiative designed to take care of the advertising, marketing and PR needs of its appointed representatives. The service, called PRofile, will be launched on July 1 and is believed to be the first service of its kind to be unveiled by a mortgage network. PRofile, which is available free […]


News and expert analysis straight to your inbox

Sign up