Optalitix, the specialist insurance and finance software provider, has announced a new partnership with Spring Finance to provide an innovative mortgage origination platform.
The collaboration aims to deliver a market-leading, technology-driven mortgage system. This will enable Spring Finance to fully automate its decision-in-principle approval process, utilising data from credit reference agencies, affordability models, and other third-party sources to deliver a robust and reliable lending decision early in the application process.
The firm, known for its innovative approach to lending, will leverage the Optalitix Originate platform to automate and streamline its processes.
The new system will improve profitability through an efficient and compliant lending process. Additionally, brokers will benefit from the ability to seamlessly integrate customer data via API from their internal systems, significantly reducing the need for manual data entry.
Alistair King, COO at Optalitix, said, “We are excited to be providing Spring with our innovative Originate platform. By integrating our platform with their lending decision-making platform, Spring will benefit from the full range of flexibility, intelligence, and efficiency offered by Optalitix Originate. We look forward to being a key partner to Spring in their future growth journey.”
Andrew Bloom, Chief Executive and owner of Spring, added, “Optalitix have extensive expertise within the mortgage industry and the delivery of these systems will play a pivotal role in Spring’s growth plans.”
Shelley Stern, Director of Mortgages, at Spring, stated, “We are delighted to be partnering with Optalitix. This is a significant step forward in using technology to streamline processes, enhancing both the broker and customer experience by providing data-driven reliable decisions.”
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