Specialist lender Spring Finance has partnered with Optalitix and LendingMetrics to launch a new mortgage origination system.
Optalitix Originate will provide Spring’s mortgage origination platform whilst LendingMetrics will provide an integrated decision engine.
This collaboration will enable Spring to fully automate the decision in principle and application process, using data from credit reference agencies, affordability models and other third parties to provide a robust and reliable lending decision early in the application process.
The new platform will also allow brokers to seamlessly transfer customer data from their internal systems, reducing the need to re-key any data.
Shelley Stern, director of mortgages at Spring, said: “We are delighted to be partnering with Optalitix and LendingMetrics. This is a significant step forward for Spring Finance and compliments the improvements we have introduced over the past 12 months. The systems will enhance both the broker and customer experience by providing data-driven reliable decisions.”
Alistair King, COO at Optalitix, commented: “We are excited to be providing Spring with our innovative Originate platform. By integrating our platform with their decisioning platform, Spring will benefit from the full range of flexibility, intelligence and efficiency offered by Optalitix Originate. We look forward to being a key partner to Spring in their future growth journey.”
Neil Williams, CTO of Lending Metrics added: “We are excited by our collaboration with Spring Finance. By integrating with LendingMetrics’ Auto Decision Platform, Spring Finance will be able to take advantage of efficient decision-making within milliseconds. We look forward to strengthening our relationship and achieving further success together in the future.”