OMS has announced the introduction of OMS Originations, a loan origination platform specifically aimed at banks, building societies and specialist lenders.

The technology firm has previously worked with a number of specialist lenders to provide customised origination solutions, includes first charge and second charge residential and buy-to-let, as well as bridging lending options.

OMS has now developed a mortgage origination platform designed to “put the lender in charge”.

This comes via streamlining the whole end-to-end origination journey for both the intermediary and direct submission route. A customisable dashboard allows lenders to create workflows to meet a variety of borrowing requirements.

OMS Originations also supports “instant” decisioning, product engine, bespoke underwriting processing, as well as second and third line audit functionality. In addition, the platform supports a range of complex products including semi-commercial, self-build, JBSP, buy-to-let, retirement interest-only, right to buy, holiday lets and mortgages for expats, limited company buy-to-let and commercial, amongst others.

Neal Jannels (pictured), managing director of OMS, said: “We understand how the dynamics of the customer profile has changed over the past 10 years, and so the need to develop new propositions and enhance efficiency is more important than ever. We also acknowledge the history and values banks and building societies have, especially when it comes to the impact of societies on their members and in the local community. However, we realise that maintaining an edge with innovative products is proving difficult due to antiquated systems and legacy issues.

“Our mission is to support such lenders in the transformation programme to become a modern lender by providing advanced technology to help achieve lending goals, boost efficiency, mitigate risk, and cater to a new generation of borrowing needs.

“It’s all about being in a position to deliver the right customer-centric experience by using the latest technology for end-to-end efficiency. When aligned with our market experience and dynamic approach, we believe OMS Originations can help these institutions to deliver a far more efficient, faster and an increasingly robust mortgage origination process in a cost effective manner.”