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SDS Applications Ltd Launches ‘IFAMAPS’ - Mortgage Broker Support Module for Mortgages Lenders and Packagers

July 2002, SDS Applications Ltd, one of the mortgage industry’s leading providers of mortgage lending software solutions, today announced the launch of ‘IFAMAPS’, a broker support module for Lenders & Packagers.

Mortgage Home Loan Industry streamlined by new mortgage software

‘IFAMAPS’ streamlines the lending process by delivering more information and services to the broker. Providing faster access to product, financial and status information leading to better collaboration between brokers and lenders, ‘IFAMAPS’ helps mortgage lenders increase customer satisfaction, improves sales productivity whilst reducing operational costs.

The ‘IFAMAPS’ system has been designed to integrate seamlessly with Mortgage Lenders’ current websites and back office systems to offer enhanced services for mortgage brokers.’ IFAMAPS’ will allow the lender to create secure personalised websites for each of their Brokers, offering dedicated services with powerful tools for selecting products, creating compliant illustrations & quotations, submitting online applications and provides access to real time status tracking for each of their cases.

Barry Yager, Commercial Director at SDS Applications says, “In this era of increasing compliance, ‘IFAMAPS’ is the ideal mechanism to ensure the accuracy and consistency of information provided by your brokers and will guarantee a full document history and audit trail”.

Key Mortgage Features:

Searches & Calculators – ‘IFAMAPS’ features a mortgage finder, mortgage calculator, affordability calculator, maximum loan calculator, mortgage comparator and a buy-to-let income calculator.

Quotations & Illustrations - ‘IFAMAPS’ is capable of providing personalised pre-application mortgage illustrations and has been designed with maximum flexibility to ensure that it can handle any future changes in compliance regulation.

Online Applications – Application forms are generated dynamically for each mortgage application dependent on the product and number of applicants, ensuring that Mortgage Brokers are never asked for information that is not pertinent to the product being applied for.

Online Decision in Principle (DIP) - Having selected a product, Mortgage Brokers can then enter their Clients’ details on-line and will be presented with an offer in principle in a matter of seconds. Where the enquiry is outside the standard lending criteria users can be re-directed to a ‘call me back’ option to discuss the case in more detail.

Online Case Tracking – Mortgage Brokers and their Clients have their own unique login allowing them to track the progress of their application from start to finish.

Statistical Information – The system provides specific information for each mortgage broker including commissions pending, commission history, cases pending and mortgages submitted.

Marketing - ‘IFAMAPS’ provides a rapid response to marketing initiatives; there is a direct data exchange between all the elements of the mortgage process – the Internet service, the application process and the administration system, enabling rates and other product details to be changed simultaneously on all parts of the system.

The system features document production using Active PDF, powerful system maintenance facilities and on-line support services. ‘IFAMAPS’ can be easily integrated with your current website and interfaces directly with back office systems for straight through processing.

The SDS system features XML interfacing that will allow the electronic transfer of application data from mortgage brokers’ third party systems into ‘IFAMAPS’.

‘IFAMAPS’ forms part of SDS’s integrated suite of mortgage systems that include:

‘SDS MAPS’ – for mortgage application processing, ‘EMAPS’ - for interactive on-line applications with status tracking and ‘MyPage’ – the customisable e-banking module.

About SDS Applications Ltd
SDS Applications Ltd is considered one of the mortgage industry's foremost providers of mortgage lending software solutions. The company offers an integrated suite of mortgage processing solutions for lenders and mortgage packagers.

Recent Clients in the Mortgage & Lending sector include GMAC RFC, Barnsley Building Society, Cambridge Building Society, Universal Building Society, Chesham Building Society, Vernon Building Society and National Counties Building Society.

For further information please visit the Internet site at www.sdsmortgages.com.

SDS Help Navigate the Mortgage Industy Compliance Minefield
July 2002

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