End-to-end mortgage technology company One Mortgage System (OMS) has completed a full application programming interface (API) plug-in with West One for second load activities.
WHO users will now have direct access to West One’s second load products, which cover both residential and buy-to-let.
Users can get a full policy decision without having to re-enter data, and the two-way API can speed up the consulting, procurement, and delivery process.
OMS offers users access to residential, rental, second charge, capital release, bridging and business loans through its processing platform as well as general insurance and protection products.
It has also integrated with the Iress, Twenty7Tech, iPipeline and Knowledge Bank platforms to offer users product sourcing, protection sourcing and criteria sourcing.
Neal Jannels (on the picture), the Managing Director of WHO, said: “With a growing number of homeowners looking to unlock the equity in their property without disrupting their senior mortgage agreements, we are experiencing a tremendous amount of activity and interest generated in the second load market.
“This is leading to more conversations with tech savvy lenders such as West One looking to integrate their second load proposals with the OMS platform. And we look forward to working closely with Marie and the team to help our users meet this growing demand in an even more effective and efficient manner. “
Marie Grundy, managing director of Second Charges at West One Loans, said the integration would provide “significant benefits” to its broker partners and clients.