View more on these topics

Origo announces timeline for delivery of mortgage standards

Origo has announced its mortgage governance group has approved projects to deliver standards for full mortgage application, mortgage tracking, and product data by the middle of next year.


These new approved standards will complete coverage for the mortgage sales process for Mover, Re-Mortgage, and Buy to Let products.

Origo says standardising these business processes will help streamline data transfer between intermediaries and lenders and enable straight through processing for mortgage sales.

It also believes the standards will help to integrate services on lender websites, which will reduce the re-keying of data and assist intermediaries in the tracking of mortgage loan applications.

Hamptons International Mortgages managing director Jonathan Cornell says: “This is a positive step forward for the mortgage industry that will benefit intermediaries by reducing the amount of data to be keyed, so saving time and improving communication with lenders.”

Origo managing director Paul Pettitt says: “With such appetite for eServices in the mortgage sector it is vital that we achieve the interoperability of systems through XML data standards.

“These latest standards will be of great benefit to intermediaries and also a substantial resource for the industry, saving an enormous amount of time and effort for any organisation wishing to offer online full mortgage application, tracking, and product data services.”

Recommended

SJP grows fund offering

St. James’s Place has added two new fund managers and three new investment funds in its growing fund proposition. The new funds and managers have been chosen to broaden the range of investment styles available for St. James’s Place clients and will be available from October 1. The new funds will be the diversified income […]

Balancing act

Following claims that balance-sheet lenders face becoming overexposed amid the sub-prime turmoil, Tanya Powley reports that other commentators are confident that there will be little need to tighten criteria

Aegon bolsters team

Aegon UK has appointed Feilim Mackle as director of individual business and Steve Clode as director of marketing and customer strategy.It says Mackle will be responsible for leading its retail life and pension business, covering key product areas including personal pensions, self-invested personal pensions, individual protection and at-retirement solutions.He joins from Royal Bank of Scotland […]

Looking back at 2015

By Fiona Tait, Pensions Specialist 2015 was quite a year for pensions. Change, more change, and proposed changes to the changes. The Spring Budget – pre-election plans With everything that has happened since, it is hard to remember what happened in March. Following on from the bombshell of the 2014 Budget, the Chancellor confined himself […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment