Optoma launches online trading platform

Processing company Optoma Broker Solutions expects to triple turnover with the launch of a fully compliant online application system.

The system was developed in response to CP98 and refined for CP146 and is being marketed as a &#39compliance guaranteed&#39 system for brokers, offering a full audit trail for lenders.

Brokers submit the completed application form to Optoma, whose underwriters handle pre-offer administration for a lender panel that includes Halifax, Nationwide, Woolwich, Platform Home Loans, Amber Home Loans and Sun Bank.

Matthew Bright, marketing director of Surrey-based Optoma, says: “This is the first true mortgage-based trading platform. Our system is supported by a full product database which links all the way through the application process.”

Optoma, which previously traded as Mortgage Processing Services, is re-cruiting managers to cover every postcode in the UK.