Vernon Building Society has partnered with FintechOS to support its investment in a unified mortgage platform that covers the full loan lifecycle.
The Vernon has chosen to partner with FintechOS as part of major investments to modernize its mortgage lending capabilities and improve the experience for members, brokers and colleagues without the disruption of a full system replacement.
The platform covers the entire origination workflow, from initial research and decision-in-principle through application, acceptance, offering, completions, product changes and further developments.
Additionally, the platform gives Vernon’s team the ability to design and launch new mortgage proposals using no-code configuration and AI capabilities.
Vernon Building Society CEO Darren Ditchburn says: “This is a significant step forward for the Vernon. Our partnership with FintechOS gives us a modern, flexible mortgage platform that will significantly improve the experience for our members, brokers and colleagues.”
“It allows us to combine the stability of our core banking systems with the innovation needed to support future growth. Most importantly, it ensures we can continue to provide great service, faster human decision-making and a more transparent mortgage journey, while staying true to our common purpose.”
FintechOS co-founder and CEO Teo Blidarus added: “Forward-thinking construction associations like the Vernon are taking a pragmatic modernization path: modernizing beyond the core, unifying product and pricing logic with origination execution, and moving faster without the risk and disruption of full system replacement.”