SDS Applications Ltd Continues Expansion of Web-Enabled Solutions for Packagers

SDS Applications Ltd, a leading provider of mortgage processing technology, today announced that The Finance Centre is to use the โ€˜SDS Maps' software for its mortgage application processing.







Based in Warrington, The Finance Centre is one of the UK's largest dedicated sub-prime packaging companies and has been delivering sub-prime deals for over 12 years.







โ€œThe Finance Centre is committed to providing the highest quality service to brokers and technology is an integral part of our service proposition.



โ€ said Wayne Smethurst, partner of The Finance Centre. โ€œWe selected โ€˜SDS Maps' because of the wide range of cutting-edge technology that it provides, which will enable us to ensure service excellence well into the future. By creating an automated solution for quotations, illustrations, application entry, tracking and processing, โ€˜SDS Maps' provides us with a springboard to continuous improvement in how we meet our introducers' needs."







'SDS Maps' provides an end-to-end solution for automating the entire mortgage pre-completion process.



The system features workflow & task management, status tracking, document production, powerful system maintenance facilities and on-line support services.







โ€˜SDS Maps' will allow introducers in any location to access the system through a browser interface. Introducers will be able to see all their cases in a summary view, begin online mortgage applications, create illustrations online and submit applications for processing. Because the system is 100% browser-based, there is no software to install.



Introducers just point their browser to the appropriate web address and begin using the new functionality.







โ€œWe are delighted that The Finance Centre has selected the โ€˜SDS Maps' system. It's a great fit with their business goals of increasing new business whilst improving customer service and lowering overall costsโ€, said Barry Yager, SDS's Commercial Director.







The application is currently in the user-testing phase and is due to go live at the end of May.















About The Finance Centre







The Finance Centre was established by Wayne Smethurst in 1991, as a secured loans brokerage.



In 1996 the business entered the mortgage packaging market and Wayne was joined by fellow partners Andrew Brown and Ron Taylor in 1998.







The Finance Centre has focussed on the sub-prime mortgage market and now provides a nationwide packaging service to brokers throughout the UK. During the past year The Finance Centre has trebled its turnover and has ambitious plans for continued rapid growth in the future. The Finance Centre is one of the few mortgage packagers to receive ISO 9001 Quality Accreditation.



The business is based in Warrington.







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.



SDS MAPS is now used extensively throughout packaging community and is fast becoming the โ€˜industry standard'. SDS clients include The Finance Centre, Solent Mortgage Services, County Mortgages Group, The Mortgage Operation (TMO), Enterprise Homeloans, GMAC RFC and several regional building societies, with implementations at more leading companies to be announced over the coming months.



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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.mortgage-systems.com

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.