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.

  0 Be the first to comment

Bristol & West implements £3 million mortgage processing overhaul

Editorial

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community.

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.

Sponsored [New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review[New Report] The Future of Payments in Major Global Markets: A Mid-Decade Review

Comments: (0)

[New Impact Study] Case Management: The Key to Revolutionising Cross-Border PaymentsFinextra Promoted[New Impact Study] Case Management: The Key to Revolutionising Cross-Border Payments