One Mortgage System (OMS) has launched a pilot for Second Charges Quick Quote, an instant sourcing platform for second charge mortgages.
Initially, the pilot was conducted with Pepper Money, Interbridge, and Selina Finance, allowing OMS to refine the platform before a full rollout.
Second Charges Quick Quote lets brokers access multiple lender quotes instantly, facilitating real-time comparisons for clients without needing a full decision in principle (DIP).
Henry Vaughan, vice president of growth at Selina Finance, said: “As one of the first lenders to integrate with OMS, we’ve seen first-hand how technology streamlines the process for brokers and their clients.
“This collaboration enabled us to provide brokers with instant access to our competitive products and innovative solutions.
Vaughan added: “The expanded launch of Second Charges Quick Quote is an exciting next step, further enhancing the speed and precision brokers can offer their clients.
“We’re proud to continue our partnership with OMS as they refine this innovative solution, helping to drive greater efficiency and better outcomes for brokers and their customers.”
Ryan McGrath, second charge sales director at Pepper Money, said: “At Pepper Money, we understand the importance of technology in supporting brokers and enhancing the customer journey.
“This includes both developing our own technology offering to deliver a slick application and completion process, as well as working with our strategic partners on platforms that help brokers to research and source the best option for their clients.”
McGrath added: “Second Charges Quick Quote by OMS aligns perfectly with our commitment to making second charge lending faster, simpler, and more accessible and we’re excited to collaborate on this innovative platform.
“It has the potential to drive real efficiency gains and deliver outstanding value both to brokers and customers.”
Neal Jannels, managing director of OMS, said: “The launch of Second Charges Quick Quote represents a major advancement in simplifying the second charge lending process, reinforcing OMS’s commitment to developing and delivering smarter, faster, and more efficient solutions across the intermediary market.
“Once the pilot is successfully completed, we plan to extend Second Charges Quick Quote to a broader range of second charge lenders, further expanding broker access to instant mortgage solutions while minimising administrative burdens.”
