Unisys, has today launched a major extension to its Unisys Financial Services Solution (UFSS) platform which it says addresses Financial Services Authority (FSA) regulatory compliance requirements
The new Mortgage Origination modules, when used with UFSS, enable provide the end-to-end processing for mortgage applications across UK providers, with, says the consultancy, the ability to meet end-to-end FSA regulatory reporting requirements.
The features of the platform include online desktop valuations, online identification and verification, intelligent electronic forms and workflow processes, designed to provide user with greater flexibility.
Unisys says the modules are intended to complement UFSS and will mean the overall solution can now manage ‘front office’ mortgage application and acceptance requirements, such as sales and quotations, document production, credit checking, case tracking, valuations and references.
This is in addition to the existing post-application and acceptance ‘back office’ mortgage administration requirements the platform can already manage, such as customer correspondence, interest calculations, arrears processing and securitisation.
“Unisys has operated in the UK mortgage market for over 100 years. Today UFSS underpins 20% of the UK mortgage market, and we have a successful track record delivering solutions to mortgage providers including Cheltenham and Gloucester, Bradford and Bingley, West Bromwich Building Society and Alliance and Leicester. This heritage and experience has enabled Unisys to enhance its unique solution. We are well positioned to grow and innovate with our customers as we continue to invest and leverage Microsoft capabilities in this market space,” says Peter Axson, head of banking operation solutions at Unisys.IFAonline
Putting the tech into protection
Square Mile’s series of informal interviews
Fallout from Haywood suspension
Launching later in 2019
£80bn funds under calculation