The UK's Britannia Building Society is installing New York-based IQ Financial Systems' Loan IQ package to support its commercial mortgage business.
The building society will use Loan IQ to automate its commercial lending processes including accounting, loan trading and collateral tracking.
Brtiannia says the system will enable it to expand beyond its core residential mortgage business and forge more complex loan syndication structures.
Steve Goldstraw, head of Britannia's commercial lending division, adds: "In Loan IQ, we found a comprehensive, fully integrated system that enables us to deliver the highest level of personalised customer service which, in turn, provides us with the flexibility to capitalise on future opportunities as we grow our commercial lending business."