Atom Bank and Iress have re-signed a five-year contract for Iress’ mortgage sales and origination (MSO) software.
Atom Bank has been using the MSO software since 2016 and, as an “original seed client”, has helped shape the product offering since inception.
Last year, it was announced that the MSO software had been extended to support newer homeownership schemes.
MSO offers the lender sales and origination functionality, which allows straight-through processing and workflow automations.
This includes scan and attach at point of sale (POS) to automated offer production.
All of this reduces the time to offer and offers a “consistent and transparent mortgage originations process”.
Andrew Simon, Iress MSO’s CEO, said: “We’re delighted that Atom Bank has chosen to continue our partnership for another five years. Iress has been committed to helping Atom Bank push the boundaries of what’s possible in the mortgage space and we’re proud to be part of why they have won the Best Online Mortgage Lender award at the What Mortgage Awards six years in a row. We’re excited to see what innovations the next five years will bring.”
Chris Storey, Atom Bank’s chief commercial officer, said: “Our digital mortgage process currently allows us to offer over one in four mortgage applications the same day, and provides an overall proposition delivering our vision of speed, ease and value for money for customers.
“During our time as an MSO customer, we’re particularly pleased to have won ‘Best Online Mortgage Lender’ at the What Mortgage Awards six years in a row. Iress has been a key partner for us since we launched our mortgage proposition, so we’re delighted to continue the successful relationship.
“We are pushing the boundaries of how we use technology to speed up outdated mortgage application processes, resulting in faster decisions for brokers and their clients. We are already streets ahead of most high street lenders when it comes to speed to offer, and we’re by no means finished, so it’s great to have Iress on board for that ongoing journey.”
Anna is currently the deputy editor for Mortgage Solutions and editor for Specialist Lending Solutions. She has worked as a journalist since 2019, having secured her Gold Standard NCTJ diploma from News Associates in a fast-track six-month course.
She started her career as a report at specialist publication The Insurance Insider covering a wide range of areas before joining Mortgage Solutions and Specialist Lending Solutions in 2021.
In her role, she helps put together and structure the news agenda for the day and writes up press releases, reports, interviews, analyses and exclusives across both titles. She also commissions blogs for Specialist Lending Solutions and hosts online masterclasses and in-person events across the business.
She has been shortlisted for three journalism awards, which include BIBA Journalist and Media Awards Scoop of Year Award in 2020, Headline Money Mortgage Journalist of the Year Award (B2B) in 2022 and 2023.
Prior to being a journalist, Anna worked in ecommerce across Snow + Rock, Cycle Surgery and Runners Need websites, and before that worked at specialist financial PR firm Rostrum.
In her spare time, Anna enjoys reading, seeing live music, and cooking for friends and family. When she gets a chance, she also enjoys hiking, skiing and indoor rock climbing.
