Second charge mortgage lender Equifinance is using the Apprivo2 mortgage origination platform developed by BEP Systems.

Second charge mortgage lender Equifinance is using the Apprivo2 mortgage origination platform developed by BEP Systems.

Equifinance says that the new system is speeding up the origination process with cases taking at least an hour less to process. It has also made new product development and launch of products much easier and quicker.

Feedback from brokers is that the system saves time and is easy to use with an intuitive interface.

BEP Systems has delivered full integration of the mortgage technology using its customisable Apprivo2 platform providing scope for Equifinance to grow its future business and streamline the second charge application and underwriting process.

Tony Marshall, managing director of Equifinance, commented: “With the growth we’ve seen in our business and the future plans we have, it was vital that we partnered with a software house that fully understands the niche lending concept and what is required to take that to market and launch new, innovative products.

“BEP’s system has already made a positive impact on our speed of delivery and will help us to grow our lending and enhance efficiencies as we do so.”

Chris Little, managing director of BEP Systems, said: “I’m delighted to be working with a client who is FCA regulated and using Apprivo2 to give them a competitive edge in the dynamic second charge market they operate in.

“Equifinance has already seen the benefits of using Apprivo2 for the strategic advantages that are being delivered to fit their business model.

“The Apprivo2 system also provides them the ability to configure certain parts of the process themselves, for example, when new application forms are needed and to handle new product launches which require a different set of data to be captured.

”It’s a very exciting time in financial software and we believe Apprivo2 is the fastest growing system in the UK serving specialist lenders.”

ttps://www.mortgagefinancegazette.com/fintech/bep-systems-launches-digital-savings-system-20-05-2019/

Other coverage

https://www.cherryplc.co.uk/industry/pressreleases/details/14166
https://specialistfinancedirectory.co.uk/news/bep-systems-partners-with-equifinance-on-new-second-charge-origination-system
https://www.financialreporter.co.uk/specialist-lending/bep-launches-second-charge-origination-system-with-equifinance.html
https://www.entirelynorthwest.co.uk/news/technology/manchester/bep-systems-launches-mortgage-tech-upgrade-with-equifinance2635


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