View more on these topics

Openwork POS averaging 485 applications a day

Openwork has revealed its mortgage point of sale solution is averaging 485 applications per day.

Openwork Trading Platform for Mortgages was rolled out on a phased basis from winter 2006 and is currently being used by 2,600 advisers.

To date, 54,000 new applications have been submitted since the launch of the solution, which averages at 485 per day.

OTPm is supported by Mortgage Brain and the Mortgage Trading Exchange. OTPm has also been integrated into Sirius’ Swift solution.

David Brooks, business development director from Focus, which provides OTPm, says: “Yet again, this shows Focus’ pedigree as a first-rate provider of high impact, high value front office solutions that provide real business benefits to the providers and end users.

“As organisations realise the advantages of automating their sales processes in one channel, we are seeing demand to replicate this success in further distribution channels. Our technology supports this key message of build once, deploy many.

“We look forward to working further with Openwork to further develop its business processes and continue to add real value.”

Recommended

Genetic tests no impediment to cover

At the recent Race for Life events that took place around the country, about 110,000 women ran to raise money for breast cancer research. Events like this remind us that cancer research in the UK is almost entirely funded by voluntary contributions. We should congratulate everyone who took part, especially the organisers who did a fantastic job.

IFA fines pass £500,000 mark

The Financial Services Authority has fin-ed financial advisory firms over £500,000 so far in 2007, with Kilminster Financial Management the latest to take a hit.Last week, the regulator fined the independent financial adviser network £42,000 for management and complaints handling failings between January 1 2004 and August 23 2006.Kilminster is the fifth IFA firm to […]

Prize draw for energy assessors

National Energy Services is launching a prize draw to encourage energy assessors to qualify before August 1. The draw is open to home inspectors and energy assessors who qualify before that date. They can win either an energy-saving Toyota Prius car or the cash alternative.

Repayment mortgages losing their market share, says Paragon

The past decade’s trend towards repayment mortgages over interest-only deals maybe beginning to turn, the latest research by Paragon Mortgages reveals.Paragon says that since 1996 there has been a demise of endowment mortgages as people lost confidence that their policy would generate sufficient funds to repay the original loan. Instead a growing number of home […]

Newsletter

News and expert analysis straight to your inbox

Sign up