OMS, which is currently available through specialist packagers All Types of Mortgages (Atom) and Complete FS, allows users to carry out a full decision in principle, without the need to re-key any data.
This is not a full API (Application Programming Interface) but a two-way integration, with other lenders preparing to follow shortly. The software is targeting the specialist market but expects to target mainstream lender partners in time.
In January, Complete FS bought a stake in the One Mortgage System, which is headed up by Dale Jannels’ brother, Neal Jannels.
Neal Jannels, managing director of OMS, said: “Precise Mortgages is a really important addition for our 4,000 broker users. They are a major player within the specialist lending arena and this represents a significant step forward for our integration strategy with lenders.”
He added saving time for the broker can only be a good thing.
“This will allow our broker users more time to concentrate on the sales opportunities, rather than having to key data numerous times. OMS aims to be the all-encompassing broker and network total solution and this is a fantastic milestone in our journey to achieving this,” he added.
Alan Cleary (pictured), managing director at Precise Mortgages, said: “Overwhelming feedback from introducers tells us that closer integration between lenders and advisers is at the top of their wish list. Thanks to the new links with OMS, we are on the way to providing the kind of close access that our introducers want. We are delighted to be working with OMS, AToM and Complete FS.”
The OMS system includes a sourcing system, Client Relationship Management (CRM) tool, audit trail, application pre-population, Decision in Principle (DIP) and allows document uploads and produces key facts illustrations. The white-labelled version is called Atom Together.