Digital Sharia-compliant bank Nomo has partnered with One Mortgage System (OMS) to implement a new property finance origination platform aimed at improving the digital journey for customers and brokers. The updated platform, powered by OMS Originations, will go live in summer 2025.
The system will support both intermediary and direct submissions, with real-time case updates and enhanced visibility for brokers and operations teams. The integration includes features such as AI-driven data extraction from bank statements, pre-filled applications and digital valuations to speed up decision-making and enable straight-through processing.
A key addition to the journey is the inclusion of a Decision in Principle tool, designed to help applicants better understand their borrowing capacity at an early stage.
Emma Bilan, senior product manager at Nomo, said: “Following a successful first two years for Nomo property finance, we’re pleased to be taking the next step to create an improved digital journey for our customers and broker partners. Working with OMS will enable us to provide new features to clients and brokers including a Decision in Principle. The partnership will also allow AI tools to be integrated into our platform, streamlining the entire property finance process. This will enable us to process applications more quickly, and allow more customers to benefit from the products Nomo offers.”
Neal Jannels (pictured), managing director at OMS, added: “We are delighted to be working with Nomo to power its origination system. The bank’s commitment to innovation and customer-centric solutions aligns perfectly with OMS’s mission to transform the mortgage technology landscape. With our cutting-edge platform, Nomo can continue delivering seamless, Sharia-compliant digital finance solutions while benefiting from an origination journey that is both streamlined and scalable.”
Nomo, part of the Boubyan Bank group, offers UK property finance to international customers.
