18 July 2018
Visit www.avoka.com

Bristol & West implements £3 million mortgage processing overhaul

28 August 2001  |  3081 views  |  0 Bristol & West implements £3 million mortgage processing overhaul

Bank of Ireland subsidiary Bristol & West is implementing the Summit system from Lynx Financial Systems in a £3 million overhaul of its mortgage processing operations.

Summit will automate Bristol & West's full mortgage application processing and post-completion administration. The solution enables end-to-end processing throughout the life cycle of the mortgage, beginning with a speculative quotation and progressing through application and completion stages, followed by the ongoing administration of the selected mortgage product.

A phased implementation of the system began in May this year and is scheduled for completion in summer 2002. By the time roll-out is complete, the Summit package will be available at 1000 desktop positions across various locations, including Bank of Ireland Mortgages in Reading and Bristol & West International, its offshore operation.

Richard Brown, Managing Director, Bristol & West Mortgages says: "Our existing system just isn't flexible enough to cope with the requirements of today's marketplace."

He says the new system will reduce mortgage processing time and ensure consistency of operation for customers.

Bristol & West plans to launch a flexible mortgage offering at the end of this year.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Coventry BS upgrades mortgage processing with Marlborough Stirling

Coventry BS upgrades mortgage processing with Marlborough Stirling

23 August 2001  |  3193 views  |  0 comments
Consumers slow to adopt online mortgage lending

Consumers slow to adopt online mortgage lending

23 July 2001  |  3550 views  |  0 comments
A&L International replaces core banking system with Lynx

A&L International replaces core banking system with Lynx

04 July 2001  |  2711 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit http://go.jumio.com/finextraAdVisit info.nice.comVisit https://secure.vasco.com

Top topics

Most viewed Most shared
Metro Bank opens developer portalMetro Bank opens developer portal
9513 views comments | 5 tweets | 14 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
8905 views comments | 6 tweets | 14 linkedin
Citi to streamline corporate receivables with HighRadiusCiti to streamline corporate receivables w...
7845 views comments | 1 tweets | 5 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
7782 views 19 comments | 14 tweets | 29 linkedin
Banks stand to reap $512 billion revenue boost from 'intelligent automation'Banks stand to reap $512 billion revenue b...
7659 views comments | 21 tweets | 30 linkedin

Featured job

to GBP Six-Figure Base, double ote, benefits
London, UK

Find your next job