OMS improves API integration with Pepper Money

OMS, the technology-enabled inquiry-to-completion platform for intermediaries, has completed a major API upgrade with Pepper Money, enabling users to submit full mortgage applications across the specialist second mortgage lender’s extensive range of products.

The enhanced two-way API (application programming interface) integration is designed to improve efficiency, support intermediaries by simplifying the advice process, speed up application procurement and ensure a smoother transition from decision-in-principle (DIP) to full mortgage application.

This announcement is the latest in a long line of strategic technology partnerships between OMS and lenders in the specialty and mainstream mortgage markets.

OMS is the only end-to-end platform that covers a wide range of product areas including residential, buy to let, secondary financing, equity release, bridging, commercial and general insurance and protection. It is integrated with market-leading providers including Ignite, Sourcing Brain, The Source, UnderwriteMe, Twenty7Tec, iPipeline, Hometrack, Experian, Equifax, Uinsure, Air Sourcing and Knowledge Bank to provide users with best-in-class product sourcing and protection sourcing and criteria search.

Ryan McGrath, Second Charge Sales Director at Pepper Money, said:

“As a market-leading second charge lender, we are constantly striving to improve our offering to brokers to make it easier, quicker and cheaper for them to take out a secured loan. We’ve already made significant changes over the last year and are excited to see the latest expansion live. By further developing the API integration with OMS, we have further simplified the end-to-end application process and eliminated the need for OMS broker users to re-enter data into our systems.

The secondary charger market is growing rapidly, and technology will certainly play a role in this continued growth, helping lenders like Pepper and our broker partners continue to meet the high service standards we have set for ourselves. We are confident that brokers and their customers will continue to experience fast turnaround times with funding times as short as a few hours.”

Neal Jannels, Managing Director of One Mortgage System, commented:

“The secondary finance sector is experiencing significant growth as it continues to meet a wider range of lending needs. Technological Progress has been key to this development, and this API upgrade serves to highlight that progress.

“We are confident that this integration will further enhance Pepper Money’s secondary fee business and enable a more efficient and streamlined end-to-end application process by providing greater efficiencies to its broker partners.”