SDS Applications, a provider of web-enabled solutions and software for the mortgage industry, has announced that Vesta Money has selected SDS MAPS for its mortgage processing.
Vesta operates nationwide and says it generates and packages millions of pounds in mortgages per year.
Vesta will deploy MAPS throughout the company's operation The system will be used to manage all processing pipelines from origination, qualification, processing and submission to lenders. It will also be used to standardise management reporting, while providing Vesta with contact management capabilities and enabling direct marketing to individual clients.
Mark Leaper, managing director at Vesta, says: “MAPS complements our existing call centre technology and provides everything our staff requires to operate efficiently and to maintain our high standards. SDS is a forward-looking organisation and understands the need to bring the mortgage packaging process into the 21st century.
“Vesta will commence its mortgage sourcing and packaging services for broker introducersfrom August 2004, with the MAPS system providing all the tools needed to offer a superior experience to all of its new brokers.”