The Co-operative Bank Selects SDS MAPS Compliance Software
Added : ( May 2005 )
Mortgage-Day Launch Goes Without a Hitch
December 2004 – SDS, a leading provider of services to the mortgage industry, today announced that The Co-operative Bank, has chosen SDS MAPS to help meet the rigorous requirements of FSA mortgage regulation and generate penny perfect pre-sale Key Facts Illustrations.
The SDS MAPS software was implemented and tested during October and was successfully rolled out for Mortgage Day.
“SDS MAPS provides us with a simple solution to delivering the KFI under the new FSA regulations. The installation and implementation of the software went like clockwork, we have nothing but praise for the team at SDS” said Paul Rumbold, Head of Mortgages at The Co-operative Bank.
Barry Yager, Commercial Director of SDS comments, “We’re delighted to have been involved in another successful compliance project. By choosing SDS MAPS, The Co-operative Bank can demonstrate that all mortgage illustrations are being accurately generated, controlled and documented as part of their rigorous approach to compliance."
About The Co-operative Bank
The Co-operative Bank is a UK based Clearing Bank with more than three million customer accounts. It offers a full range of personal and business accounts and in October 1999 launched smile, the stand-alone Internet bank.
Based in Manchester, The Co-operative Bank is famous for its ethical stance whereby it tells its customers what it does with their money whilst it is in the bank.
About SDS Applications Ltd
SDS Applications Ltd provides browser-based mortgage processing solutions for lenders and mortgage packagers. The SDS MAPS mortgage system covers the entire pre-completion process including; product sourcing, decisioning, application processing, compliance, document production and online broker support.
Recent Clients in the Mortgage & Lending sector include Enterprise Homeloans, GMAC RFC, Solent Mortgage Services, Lloyds TSB, The Mortgage Operation, Rooftop Mortgages, Barnsley Building, The Finance Centre, C-2 Financial, Universal Building Society and National Counties Building Society.
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For further information please contact:
Justin Belcher
SDS Applications Ltd
Tel: 01494 778863
press@sdsapps.co.uk
Or visit the Internet site at www.mortgage-systems.com
The Co-operative Bank Selects SDS MAPS Compliance Software
Submitted by:
Justin Belcher
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