Leading Regional Mutual Selects SDS Maps' to Streamline Mortgage Application Processing

9th October 2002, SDS Applications Ltd, one of the mortgage industry's leading providers of mortgage lending software solutions today announced that the Vernon Building Society is to use the โ€˜SDS Maps' software for its mortgage application processing. Vernon Building Society has nine branches in the Cheshire area, backed by a local agency network.







โ€œWe were impressed with the powerful architecture of the SDS system,โ€ said David Eccles, Systems Manager at Vernon, โ€œAfter reviewing many solutions, we chose โ€˜SDS Maps' because it offered the greatest flexibility for our needs.



The system is very easy to customise which allows us to meet the changing needs of our businessโ€.







โ€˜SDS Maps' is a fully integrated, web-based solution, handling a mortgage application from customer enquiry through to completion. The system features integrated 'mortgage application specific' workflow, case tracking, powerful document production facilities and customisable management information (MIS) functionality. It is capable of producing pre-application mortgage illustrations and has been designed to be flexible enough to handle future changes to compliance regulation.



At draw down, cases will be transferred electronically to the Vernon's accounting and administration system.







The Vernon are also planning to take advantage of the systems powerful e-commerce functions, these include;







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A 'Broker Portal' where introducers can login and access product searches, create new applications, track the status of applications in progress and view commissions earned and pending.



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Mortgage search facilities, where potential customers can find out how much they can borrow and details of the mortgage products that best suit their needs.



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Online applications to โ€˜Offer in Principle'. (Applications do not have to be completed in one sitting, customers can return to a partially completed form at any time, an application could even be started in a branch and completed later on a home PC).



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Compliant online quotations



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Status Tracking facilities







The application is currently in the user-testing phase and is due to go live in November.











โ€˜SDS MAPS' forms part of SDS's integrated suite of mortgage systems that include;



โ€˜IFAMAPS' โ€" Online Broker Support Module, โ€˜EMAPS' - for interactive on-line applications with status tracking and โ€˜MyPage' โ€" the customisable e-banking module.



About Vernon Building Society



Founded in 1924 in Stockport, Cheshire, the Vernon provides competitive housing finance, savings and investment products. As a mutual, the Vernon's philosophy is to provide a responsive and individual service to it's members.







About SDS Applications Ltd



SDS Applications Ltd is considered one of the mortgage industry's foremost providers of mortgage lending software solutions. The company offers an integrated suite of mortgage processing solutions for lenders and mortgage packagers.



Recent Clients in the Mortgage & Lending sector include GMAC RFC, Solent Mortgage Services, The Chesham Building Society, Barnsley Building Society, Cambridge Building Society, Universal Building Society and National Counties Building Society.







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For further information please contact:







Justin Belcher



SDS Applications Ltd



Tel: 01494 778863



press@sdsapps.co.uk















Or visit the Internet site at www.sdsmortgages.com.