Intermediary tech platform OMS has expanded its partnership with Experian.
Lenders and brokers will have access to a variety of Experian’s Mortgage Passport services, including reference data and identify services, which will drive automation and operational efficiencies.
The integration aims to revolutionise the onboarding process for mortgage brokers by assessing affordability based on real data rather than estimates.
The updated services and additional document ID functionality will add to the comprehensive automated application and approval journey, enabling customers to consent and share their information securely with the data analysed within seconds.
Neal Jannels, managing director of OMS, said: “We have a strong ongoing relationship with Experian and its use of modern technological infrastructure, advanced analytics and machine-learning models will remain key in helping our platform to identify and authenticate counterparties, ensure transactions are legitimate and prevent any signs of fraudulent activity.”
Paul Speirs, managing director for consumer information services, Experian UK&I’s added: “We have partnered with OMS for a number of years and we are working together to ensure that lenders and intermediaries can focus on the right things and make better-informed decisions for their clients looking to buy a home.”
