OMS Originations partners with Phoebus
Mortgage and savings servicing software provider Phoebus has partnered with One Mortgage System (OMS) Originations.
The strategic partnership aims to provide lenders and building societies with an end-to-end borrower journey.
Clients can originate loans using OMS’ lender origination platform.
On completion, they can then use the Phoebus originations and migration API to transfer account data to the next-generation Phoebus digital servicing solution.
Phoebus launched its strategic partnership and technical ecosystem programme in 2018 to create a best-of-breed group of non-core, value-add solutions for new and existing clients.
OMS Originations is a cloud-native platform that facilitates communication between building societies, lenders, brokers and more than 45 third-party partners such as valuers and conveyancers.
OMS Originations allows lenders to create workflows to meet a variety of borrowing requirements.
From completion, Phoebus provides automated primary and specialist servicing capabilities meaning that users only need to deal with cases by exception when they require attention.
The solution supports all lending types including residential, buy-to-let, bridging, commercial, specialist, second-charge and equity release.
“There are clear synergies between Phoebus and OMS, with both systems at the top of their game in what they do.
“Lenders and building societies using OMS are likely to be very familiar with Phoebus’ reputation for providing seamless migration, meeting all servicing requirements while providing a first-rate service.”
Dale Jannels, CEO at OMS, said: “The majority of incumbent mortgage origination technology is outdated and hard to customise.
“Our mission is to change that for banks, traditional and specialist lenders, plus modern mutuals.
“Our next generation OMS Originations software allows any lender to make mortgage decisions faster and more efficiently, transforming the buying journey for the consumer and the intermediary.
“This collaboration with Phoebus enables OMS Originations clients to benefit from a state-of-the-art, end-to-end lending journey.”
Phoebus and OMS are both associate members of The Open Property Data Association (OPDA), working with the trade body to innovate how technology is used to enable property processes.
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