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OMS and Submissions Brain reveal time-saving tie-up

  • 11/01/2022
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OMS and Submissions Brain reveal time-saving tie-up
One Mortgage System (OMS) has announced that it has integrated with Mortgage Brain’s Submissions Brain, in a move which the firms argue will save intermediaries time when submitting applications.

The tie-up means that OMS users will be able to submit applications to lenders active on the Submissions Brain platform ‒ including the likes of Nationwide Building Society, Virgin Money, Coventry Building Society, Accord and TSB ‒ without having to rekey data.

Submissions Brain ‒ which was rebranded from Lendex last year ‒ connects brokers with the back office systems of participating lenders, ensuring that a full audit trail is provided for applications, as well as allowing client documents to be uploaded directly.

Neal Jannels, managing director of OMS, said the integration will save brokers as much as 20 minutes per case as they will be able to pre-populate data directly through Submissions Brain onto the lender’s platform, meaning they can submit a decision in principle or full application through a single login.

Neil Wyatt (pictured), sales and marketing director at Mortgage Brain, added: “As businesses, we both have a burning desire for brokers to be able to choose the tech they want to work with and for that tech to be in a position where it can successfully communicate with each other. 

“Integrations such as these are vital in helping the advice process to become as seamless as possible from application right through to completion and deliver tangible benefits in a cost-effective manner for both the adviser and the lender. We look forward to establishing a long and successful partnership.”

Mortgage Brain to hold criteria masterclass

Mortgage Brain has also revealed details of its next online masterclass, which will be on the subject of complex cases. 

The session is being run in association with Principality Intermediaries on 19 January, and will cover issues including self-employed borrowers, joint borrower sole proprietor cases, varied income types and new build purchases, including Help to Buy.

The masterclass is exclusively available for users of Criteria Brain, its criteria-based sourcing system.

The firm held three masterclasses last year, looking at subjects like the cost of the pandemic to self-employed borrowers, the holiday let market, and the limited company buy-to-let sector.

Wyatt added: “We have had a fantastic response to our Criteria Masterclass sessions to date, which demonstrates the desire among brokers to keep on top of the developing trends within the market and how they can best support their clients. With increasing numbers of prospective borrowers now classed as having complex circumstances, I’m certain that there will be strong demand from advisers to attend our next session.”

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