Technology platform One Mortgage Service (OMS) has expanded its partnership with Experian to give lenders and brokers access to the credit agency’s mortgage passport services.
Experian’s Mortgage Passport services include reference data and identify services which will drive automation and operational efficiencies as well as a better service for brokers’ clients.
Building on OMS’s existing suite of Experian data solutions, these additional integrations will improve the onboarding process for mortgage brokers by assessing affordability based on real data rather than estimates.
By simplifying client assessments and expediting decision-making through enhanced data accuracy and efficiency, OMS says this will slash administrative burdens on brokers.
Borrowers will also be able to consent and share their information securely and easily allowing their data to be analysed in seconds.
Neal Jannels (pictured), managing director of OMS, said: “We have a strong ongoing relationship with Experian and its use of modern technological infrastructure, advanced analytics and machine-learning models will remain key in helping our platform to identify and authenticate counterparties, ensure transactions are legitimate and prevent any signs of fraudulent activity.
“This enhancement is designed to meet all users’ end-to-end identity and verification requirements while also reducing an array of time-consuming administrative burdens.”
Last month, OMS upgraded its integration with Ipipeline’s SolutionBuilder to improve broker efficiency.
OMS said this would allow users of the platform to generate more accurate pricing suggestions while benefitting from increased flexibility and greater efficiency when creating quotes.
Samantha Partington is a freelance trade and consumer journalist writing about property and personal finance. Previously she worked worked for the Daily Mail and Property Week. She is the former deputy editor of Mortgage Solutions and editor of Specialist Lending Solutions.
Before becoming a journalist, Samantha worked as a mortgage broker and latterly for a mortgage, bridging and secured loan lender. Samantha is CeMAP qualified. Follow her on Twitter @SamJPartington1.
