Fleet Mortgages has chosen DPR Consulting to provide its full end-to-end mortgage servicing solution.
DPR Consulting is a provider of origination and servicing platforms for mortgage lenders. Fleet Mortgages, launching to the market in mid-November, is implementing a broker portal for online submission of mortgage applications. This will be fully integrated into an internal processing and servicing system for post-completion mortgage administration.
Bob Young (pictured), chief executive officer of Fleet Mortgages, said: “We are very pleased to be announcing this new supplier relationship with DPR Consulting who have already begun work on developing the Fleet mortgage servicing solution ready for our launch next month. The DPR system is widely regarded as an industry benchmark for mortgages in terms of both its technological standards and functional breadth, so it was absolutely imperative that we had them on board to deliver for us.
“There is an extremely talented team at DPR and already they have moved mountains in order to help us come to market within an incredibly short timescale. The work to deliver this market-leading, cutting-edge system is ongoing and we are fully confident we will have a system which ticks every box for both ourselves and all our stakeholders.
“We are currently in discussions with other third-party suppliers and we will shortly be announcing a number of new relationships, including our surveyor and solicitor panels.”
Dave Patel, managing director at DPR Consulting, said: “We are delighted to be playing our part in bringing this innovative new lender to market. The whole project is on track to have completed in a little over six months, a remarkable achievement for a complete origination and servicing system from a standing start. Delivering a leading-edge solution in such a short time frame is testament to working very closely together, and resolving requirements and issues quickly.
“There has been collaboration between the two teams throughout the project with Fleet staff working side-by-side with our engineering and business process specialists. Fleet Mortgages has ambitious plans for the future and we look forward to a long and successful partnership.”
