16 July 2018
Register today

SDS releases mortgage compliance application

11 February 2004  |  360 views  |  0

Statutory regulation of mortgages is to be introduced this year under the Financial Services Authority, as a response SDS Applications Ltd have released a fully compliant version of their MAPS system which will enable lenders, packagers and networks to comply with the new rules.

The software has been developed to address all up coming the compliance issues, including compliant on demand document generation, making personalised key facts illustrations available via a wide variety distribution channels.

The compliance module has been created using the latest web technologies for speedy implementation across internal networks, as well as introducer and public access via the Internet.

Key Features:

Compliant documentation - The system dynamically generates all key documents in both standard and custom formats; e.g. Initial Disclosure Document (IDD), Key Facts Illustrations (KFI), including the FSA required sections, and has been built using FSA required calculations. The system supports both Microsoft Word & PDF formats. SDS’s regular update program keeps you current with the latest software releases, and additional non-scheduled updates keep you on top of regulatory changes.

Product sourcing, selection & maintenance - Designed specifically to handle the complexities of the UK market (including complex non-conforming product data), MAPS holds details of the lenders’ product profiles with full underwriting criteria, rules and special conditions.

Online Decision in Principle (DIP) - Having selected a product, users can then enter their details on-line and can be presented with an offer in principle in a matter of seconds. Where the enquiry is outside the standard lending criteria users can be re-directed to a 'call me back' option to discuss the case in more detail. Online Case Tracking – Internal users as well as introducers and their clients have their own unique login allowing them to track the progress of applications from start to finish.

Full audit trails, document storage and archiving - A full audit trail records all activity on the system and event-email, workflow and escalation procedures ensure important tasks are never overlooked. The system archives all documents produced by the system, these are automatically stored against the application and client for historical reference.

Usability - From a user's perspective, the SDS software is very easy to learn and use. Screen displays are designed to be familiar easy-to-read, and visually attractive. All on-line help files and printed documentation are written in plain English, and system navigation is intuitive.

On-screen reports and real-time viewing for analysis, together with effortless data entry speed up decision-making and administrative work.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
Visit www.aciworldwide.comVisit info.nice.comVisit http://go.jumio.com/finextraAd

Top topics

Most viewed Most shared
Handelsbanken trials micro contactless cardsHandelsbanken trials micro contactless car...
9855 views comments | 18 tweets | 30 linkedin
Championing financial inclusion and helping the UnstoppablesChampioning financial inclusion and helpin...
8367 views comments | 3 tweets | 1 linkedin
PayPal ready to spend $3bn a year on acquisitionsPayPal ready to spend $3bn a year on acqui...
8255 views comments | 13 tweets | 17 linkedin
Anything Visa can do...Mastercard takes time outAnything Visa can do...Mastercard takes ti...
7834 views comments | 6 tweets | 14 linkedin
Faster Payments outage delays thousands of transactionsFaster Payments outage delays thousands of...
7166 views comments | 8 tweets | 19 linkedin

Featured job

Basic c Euro 120K, Variable Euro 120K - full ben...
Paris prefered London possible

Find your next job