OMS reports 25% application volume rise

Published on

One Mortgage System (OMS), the platform for brokers, has revealed that it has seen application volumes increase by 25% year on year.

In addition, completion volumes year on year up to July 2023 have increased by 18% with the value of lending in OMS equalling £6.5bn (compared to £9bn for the whole of 2022) with nearly 13,000 unique users having now used the system since its launch.

To support this growth, the platform is currently recruiting for first and second line software support members to bolster its help desk team and deliver stronger service standards. The tech provider is also looking to add experienced developers to support future system enhancements, integrations, and optimisations.

In addition, OMS is also now recruiting for a head of marketing, an operations manager and two further business development/relationship managers.

Neal Jannels, managing director of One Mortgage System (OMS), said: “These represent some huge numbers and help demonstrate the rapid trajectory that OMS has been on over the past 12 months, and now is certainly not the time to rest on our laurels as we have ambitious growth plans in the pipeline.

“Within these plans, we are constantly looking for ways to improve our overall proposition. A crucial component within this is working closely with our users to better understand how they operate and where we can add greater value, efficiencies and levels of support to ensure they have assess to a cost-effective solution which delivers the products and service which matter for individual advisers as well as the overall business.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Rates rise but mortgage market holds firm

The mortgage market is showing resilience despite a sharp rise in borrowing costs with...

Landlords shift to interest-only as rates climb above 5%

Buy-to-let landlords are rapidly changing borrowing strategies as mortgage rates climb with a growing...

The Coventry cuts limited company buy-to-let rates for brokers

Coventry for intermediaries has reduced selected limited company buy-to-let rates by up to 20...

Paragon Bank introduces limited edition 60% LTV buy-to-let products

Paragon Bank has expanded its buy-to-let range with a new tranche of 60% loan-to-value...

TwentyCi hires Nick Huntley to lead sales at TwentyEA and TwentyConvey

TwentyCi has appointed Nick Huntley as sales director for TwentyEA and TwentyConvey as the...

Latest publication

Other news

Rates rise but mortgage market holds firm

The mortgage market is showing resilience despite a sharp rise in borrowing costs with...

Landlords shift to interest-only as rates climb above 5%

Buy-to-let landlords are rapidly changing borrowing strategies as mortgage rates climb with a growing...

The rise of larger deposits

The first-time buyer profile is changing. Increasingly, buyers are entering the market with larger...