OMS launches ‘quick quote’ functionality with Selina Finance

Intermediary processing platform, One Mortgage System (OMS), has announced a new partnership with Selina Finance, launching a 'quick quote' functionality on its platform specifically for Selina’s second charge product range.

The new functionality allows OMS users to generate second charge quotes from Selina at the click of a button, using key client information already stored within the CRM system to speed up the application process.

Selina’s product range offers both lump-sum and gradual funding for various financial needs, ranging from debt consolidation to funding projects such as large home renovations or private school fees.

Selina Finance provides pre-approved credit facilities ranging from £10,000 to £500,000, allowing borrowers to draw and repay funds as needed, without additional fees or penalties, and with interest charged only on the outstanding balance. After five years, the remaining balance on the revolving credit facility converts to a traditional term loan for the rest of the term.

Neal Jannels, managing director of One Mortgage System, commented: "Our goal is to continue innovating and delivering tools that empower our users to better serve the ever-evolving needs of their clients, and this partnership is a perfect example of that ongoing commitment to help speed up the process.

“Selina Finance remains one of the most dynamic lenders operating in the second charge lending space and I’m sure that this facility will prove to be an appealing option for our users in what remains a growing sector of the mortgage market."

Henry Vaughan, head of growth of Selina Finance, added: "We’re thrilled about the launch of our integration with OMS and the exciting opportunities it unlocks for our broker partners, enabling us to provide speed, certainty and precision of Selina's lending decisions as early as possible.

“With our Quick Quote feature now fully integrated into OMS, brokers can easily view Selina’s innovative products and competitive rates prior to submitting cases. We’re proud to be at the forefront of a solution that benefits both brokers and their clients, driving better outcomes for all."