finova, the leading mortgage and savings tech provider has announced its partnership with Quantum Mortgages – an intermediary-only specialist lender supporting landlords across the UK. finova and Quantum expect to launch formally by Q1, 2022..
finova acquired BEP Systems and its SaaS originations platform, Apprivo2, in October 2021. Quantum will leverage finova’s Apprivo2 platform to initially support buy to let lending before considering other types of lending.
The platform will be fully integrated to various APIs from launch, including:
- Docu-sign (e-signatures)
- GB Loqate (Address and bank account look ups)
- Barclays payment gateways
In addition to this, finova will be working with BCM Global, which is acting as the mortgage servicer for Quantum. Other digital services and APIs will be added post-launch to provide further automations.
Jason Neale, Managing Director at Quantum Mortgages, comments:
“Although common sense, human underwriting is at the heart of our proposition and we wanted to combine this with the very best and latest technology to create a unique experience for intermediaries and their clients”.
“Our partnership with finova allows us to do this and we were really impressed by the power of the Apprivo2 platform as well as its remarkable intuitive interfaces. finova’s determination to deliver out-of-the-box processes, combined with the benefits of Apprivo2, will provide us with the flexibility to customise our offering going forward. These are exciting times for the business, and we look forward to further consolidating our partnership with finova.”
Chris Little, Commercial Director (Core Banking Platform) at finova, comments:
“We are delighted to add Quantum Mortgages to our ever-growing list of Apprivo2 users. Once again, we have demonstrated the power of the Apprivo2 platform and our ability to grasp our clients’ growing requirements. Our partnership with Quantum symbolises another great step forwards for finova, as we expand our efforts to provide seamless digital journeys.”