One Mortgage System (OMS), technology provider of end-to-end processing platforms for intermediaries, has partnered with automated verification check firm Sikoia.
This partnership will see OMS use Sikoia’s artificial intelligence (AI) capabilities to improve mortgage processing efficiency across its CRM and Originations platforms.
OMS will integrate Sikoia’s AI-powered automated document processing solution into its systems to simplify and speed up processes, as well as reduce administrative tasks.
Users of the platforms will be able to process and verify documents including bank statements, payslips and tax returns.
The system is also able to produce automated budget planning, and run income verification and employer checks.
OMS said the partnership will enable its platform to process more than the 5,000 applications per month it currently facilitates.
Introducing the Green Living Reward
Your clients can now get up to £2,000 cashback for making energy-efficient home
Sponsored by Halifax Intermediaries
Sikoia is regulated by the Financial Conduct Authority (FCA) as both an account information service provider (AISP) and credit reference provider.
It helps financial services companies to centralise and automate parts of the customer verification process.
Neal Jannels (pictured), managing director of OMS, said: “At OMS, we are constantly looking for ways to enhance the mortgage journey for our users. By integrating Sikoia’s AI-powered solution into our platform, we’re giving brokers and lenders the tools they need to reduce paperwork, save time, and focus on what matters most – delivering the best possible service to their customers.
“This collaboration will undoubtedly have a positive impact on both operational efficiency and customer satisfaction for intermediary firms and lenders across the UK, and we look forward to a long and successful collaboration.”
Alexis Rog, founder and CEO of Sikoia, added: “We’re excited to partner with OMS, a company that shares our vision for transforming mortgages and lending through innovative technology.
“With a single integration into their cutting-edge CRM and Originations platform, thousands of users will gain access to AI-powered solutions that can not only save hours of processing time but also enhance the customer experience. We look forward to making this long-term partnership a success.”
