The artificial intelligence (AI)-powered system will work alongside Bath Building Society’s cloud-based mortgage origination technology provided by One Mortgage System (OMS).
The partnership is part of the mutual’s technology transformation programme and the implementation of a cloud-based lending platform.
The technology will enable Bath Building Society to automatically validate documents at upload to ensure compliance and completeness, with instant feedback to reduce rework.
It will also extract income and employment data from payslips and supporting documents, then standardise them to support underwriting decisions.
Bath Building Society is currently using Sikoia’s Ready-To-Go Dashboard to facilitate fast deployment and improvements without the need for a full system integration.
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Sikoia’s services are also available through OMS’ cloud-based lending origination platform to support a streamlined application journey.
Alexis Rog, founder and CEO of Sikoia, said: “Automating verification is one of the most effective ways lenders can drive consistency and quality across the mortgage journey. By reducing manual document handling and automating income checks, Bath is strengthening decision-making and supporting a smooth, consistent experience for both brokers and customers.
“We’re pleased to be working closely with Bath to help optimise existing processes as they continue to modernise their technology stack.”
Craig Brown, head of mortgages at Bath Building Society, added: “Automating document processing and verification will have a real impact on how quickly and consistently we can progress applications.
“By reducing manual checks and providing underwriters with the key information, summarised, we’re able to make decisions faster and give brokers clearer feedback, which ultimately improves the experience for customers.”
Molo partners with OMS Originations
Specialist buy-to-let (BTL) lender Molo has partnered with OMS Originations, the cloud-based lending origination platform.
OMS Originations will streamline the origination journey for brokers while updating all parties during the process.
Molo said this would provide advisers with a comprehensive process that supports faster decisions.
Dale Jannels, CEO of OMS, said: “Molo is building a reputation for a competitive product proposition with flexible criteria, fitting a wide array of borrower needs.
“Matt and the team have a great passion to provide the ultimate digital journey to their brokers and customers.”
He added: “We are delighted to have been chosen to further their ambitions to deliver this digital-first customer and broker experience and look forward to working with the Molo team for years to come.”
Matt Kimber, CEO of Molo, added: “Partnering with OMS is a major step in building on our digital-first approach, something we are passionate about. We are reshaping how our brokers and landlords experience buy-to-let specialist lending. This partnership enables us to continue expanding our product range by combining our flexible, competitive products and approach with a streamlined and scalable solution.
“We’re making it easier for brokers to deliver smarter, faster decisions for their clients, whilst setting the standard for a more innovative, transparent mortgage experience for all.”
