Financial markets technology company, IRESS
(ASX:IRE), has announced that UK’s first digital only bank, Atom Bank, is now using its mortgage processing software, Mortgage Sales and Originations (MSO).
IRESS says its MSO software is relevant to all modern lenders, including digital-only banks, regional building societies and traditional high street banks.
The company also says its MSO solution manages the full mortgage sales and origination process – from initial enquiry through to release of funds and on-boarding.
According Andrew Walsh, IRESS’ CEO, his company’s recent Mortgage Efficiency Survey found that, in the UK, one in four offers took between 5 and 10 days, and that higher levels of responsiveness are a key differentiator for consumers in choosing their lender.
IRESS posted a net profit of $32.7 million at 30 June 2016.
