The partnership is set to launch by Q1 next year and will see Quantam make use of Finova’s Apprivo2 platform for its buy-top-let lending before expanding to other types of lending.
Finova acquired software company BEP Systems and its software as a service (SaaS) originations platform, Apprivo2, in October.
The platform will be integrated into Quantam’s application programming interface (API) to enable e-signatures, a search tool for addresses and bank accounts, and payment gateways.
In addition to this, Finova will be working with BCM Global, which is acting as the mortgage servicer for Quantum. Other digital services will be added following launch to provide further automations.
Jason Neale (pictured), managing director at Quantum Mortgages, said: “Although common sense, human underwriting is at the heart of our proposition, we wanted to combine this with the very best and latest technology to create a unique experience for intermediaries and their clients”.
“Our partnership with Finova allows us to do this and we were really impressed by the power of the Apprivo2 platform as well as its remarkable intuitive interfaces.”
Chris Little, commercial director, core banking platform at Finova, said: “We are delighted to add Quantum Mortgages to our ever-growing list of Apprivo2 users. Once again, we have demonstrated the power of the Apprivo2 platform and our ability to grasp our clients’ growing requirements.
“Our partnership with Quantum symbolises another great step forwards for Finova, as we expand our efforts to provide seamless digital journeys.”