Challenger bank, Secure Trust Bank has made its debut in the mortgage market today offering a new first charge mortgage range. Secure Trust Bank has been in the banking industry since 1958 offering savings and finance solutions, with the aim of making managing money simple for its customers.
The Bank has been evaluating the current UK mortgage landscape and the potential business opportunities it could offer for some time and took the decision to enter the market last year.
After teaming up with DPR Consulting in late 2016, the two organisations set about collaboratively establishing a tailored originations system which offers first charge mortgages to customers via intermediaries.
The DPR mortgage origination platform is one of the most automated on the market. It is designed to streamline the application and underwriting process, applying consistency and control at every stage.
The application capture is carried out through an intuitive online web portal, which is responsive in design. With seamless integration with many third parties, straight through processing and underwriting controls are all fully supported by the system.
Esther Morley, Managing Director of Mortgages at Secure Trust Bank commented: “In order to deliver our goal of originating residential mortgages we selected DPR as our supplier in 2016. We believed that DPR Consulting would be a good fit, due to its market leading, automated mortgage system.
“DPR has a collaborative project team, which has been quick to respond to our requirements and has supported us through the system delivery process.”
Dave Patel, Director at DPR added: “We are delighted to assist Secure Trust Bank in launching its first mortgage range for intermediaries. We have worked well together and maintain our focus on delivering Secure Trust Bank’s mortgage origination strategy using DPR’s solutions.
“At DPR, we continue to collaborate with our clients to improve our solutions and are always looking to innovate within this industry.”