OMS has successfully completed an API upgrade with Pepper Money.
- The integration allows full mortgage application submissions across second charge products.
- The enhanced API boosts efficiency by streamlining the application process.
- Technological advancements are pivotal to the growth in the second charge sector.
- Key stakeholders express confidence in the improved system’s benefits.
OMS has strategically enhanced its technological framework by completing an extensive API upgrade with Pepper Money, a move that significantly optimises the submission of full mortgage applications across the lender’s specialist second charge product range. The integration represents a leap forward, aiming to improve operational efficiency and simplify the advisory process for intermediaries, thereby accelerating the sourcing of applications and refining the procedural journey from decision in principle to the final mortgage application.
This two-way API integration is not merely a technical upgrade but a strategic partnership that underscores the dynamic evolution in the specialist and mainstream mortgage markets. By facilitating a smoother and more efficient application process, OMS positions itself at the forefront of technological innovation in mortgage processing, a sentiment echoed by Ryan McGrath, Pepper Money’s Second Charge Sales Director.
Ryan McGrath emphasised the continuous efforts by Pepper Money to enhance its broker propositions. By simplifying and accelerating the end-to-end application process through evolving API integrations, brokers are relieved from the cumbersome task of rekeying data, thereby ensuring a more streamlined interaction with Pepper Money’s systems. McGrath’s optimistic outlook suggests that the rapid growth of the second charge market is heavily reliant on technological advancements.
Neal Jannels, Managing Director of OMS, highlighted the technological advances as pivotal to the sector’s evolution, noting that this particular API upgrade serves as a benchmark for progress within the industry. He asserted that the integration not only bolsters Pepper Money’s business operations but also significantly enhances efficiency for intermediary partners, guaranteeing a seamless application experience.
Both OMS and Pepper Money are betting on technology to cater to a broader array of borrowing needs while maintaining high service standards. The two companies are confident that the API integration will lead to quicker funding times, potentially reducing them to just a few hours, a testament to the high level of service that brokers and customers can expect.
The OMS-Pepper Money API integration marks a significant step forward for the second charge market’s technological evolution.
