Technology platform OMS is expanding a partnership with Experian, allowing lenders and brokers to access a range of data and identity services.

Experian’s Mortgage Passport services include reference data and identify services, which it claims will drive automation and operational efficiencies as well as a better service to clients. 

OMS says this suite of services will revolutionise the on-boarding process for mortgage brokers by assessing affordability based on real data rather than estimates. 

By simplifying client assessments and expediting decision-making through enhanced data accuracy and efficiency, this cuts  rockers’ administrative burdens.

Neal Jannels, managing director of One Mortgage System (OMS), comments: “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.

“This enhancement is designed to meet all users’ end-to-end identity and verification requirements while also reducing an array of time-consuming administrative burdens. A combination which offers users with additional security and frees up more time for advisers to do what they do best – engaging with their clients and growing their business.” 

Experian director Paul Speirs adds: 

“Through data and technology, our goal is to provide a quicker, seamless and more convenient digital experience for both our partners and ultimately consumers. 

“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.”

OMS says it’s the only end-to-end platform which covers a wide range of product areas including residential, buy-to-let, second charge, equity release, bridging, commercial plus general insurance, and protection.