The Mortgage Business has installed TheMortgageWeb interfacing package from SDS Applications.
The software will initially be configured to allow TMB to communicate electronically with packagers.
This will help alleviate the need for re-keying cases and reduce errors by connecting TMB with one of its main sources of business.
Based on industry standard XML, TheMortgageWeb allows a lender such as TMB to easily and quickly create a low-cost data exchange portal.
Bill Dudgeon, managing director of TMB, says: “We needed a system that would enable us to electronically receive cases from packagers who are users of the
SDS packaging system.”
SDS has designed TheMortgageWeb to provide lenders, packagers and brokers with a standard interchange between their internal IT systems and the systems of other third parties involved in the mortgage application process.
By allowing the various parties to communicate electronically regardless of type of system via standardised interfaces, the company says TheMortgageWeb solves KFI problems, eliminates data re-keying, automates case tracking and speeds up the overall process.