Business mortgage

OMS Completes API Integration with Pepper Money for Second Debit Business

Mortgage technology company One Mortgage System (OMS) has completed a full application programming interface (API) integration with Pepper Money for its second debit business.

Users will be able to directly access Pepper Money’s second fee range and get a full policy decision without having to re-enter data.

OMS said this would “support and expedite the process of advice, procurement and delivery”.

Pepper Money launched its second mortgage proposal after completing its merger with Optimum Credit earlier this year.

Borrowers can access up to £1million with repayment periods of up to 30 years and they can access up to 100% of the value of the property. The minimum property value required is £75,000.

Pepper Money also offers products with no prepayment fees and no valuation products.

OMS offers residential, buy-to-let, second load, capital release, bridging, commercial and general insurance and protection products and has integrated with Iress, Twenty7Tec, iPipeline, Submissions Brain, SmartrFit and Knowledge Bank.

Neal Jannel (illustrated), Managing Director of OMS, said: “Recently, we have seen the second-charge sector begin to make its mark in the broader mortgage industry and cater to a wider range of borrowing needs. .

“It has also come a long way from a technical standpoint and that continues to be evident in the ongoing conversations we have with a host of second charge specialists and lenders with a second charge leg.”

He added that Pepper Money was a “forward-thinking lender with one of the most inclusive specialty offerings” and hoped the integration would support its second-charge business and simplify the broker journey.

Caroline Mirakian, Sales Manager for Second Lien Mortgages at Pepper Money, said, “Our dedicated team work with a range of approved specialist partners to offer second lien mortgages to customers. We are always interested in establishing new partnerships and pride ourselves on the lasting relationships we build with our intermediary brokers.

“The OMS platform is a perfect fit for our proposition and its extended reach, along with the expertise of the team supporting it, will help us even more intermediaries access a competitive range of second-charge options backed by a strong service offering, including our experienced team of business development managers.