Crown develops mortgage origination technology

Crown boast that the new platform offers a fast, low cost and fully compliant end-to-end solution.

Andrew Doyle, chief executive of Crown Mortgage Management, said: “The role of a mortgage servicer is to add value by solving their client’s challenges in a cost effective and compliant way.

“This new initiative is another example of the investment in our business to accommodate a range of needs in this ever-changing market.”

The system works with Crown’s loan administration system and can be used to accommodate a range of distribution channels including via a branch network or the intermediary sector.

The functionality provides decision in principle and KFI capability, as applications can then be submitted online for processing and underwriting.

Steve Downey, BancTec UK & Ireland General Manager, said: “Working together strategically, BancTec and Crown will form a formidable partnership that will cater completely for the mortgage and lending arena end to end."