Selina to offer instant DIPs for brokers with OMS integration

Selina Finance has rolled out the next phase of its integration with One Mortgage System (OMS), giving brokers faster and more seamless access to its Decision in Principle (DIP) process.

This latest enhancement builds on the ‘quick quote’ functionality launched in November last year, which allowed brokers to generate Selina quotes directly within OMS. 

Now brokers can start and submit a DIP application from within OMS with information pre-populated from the broker's fact find. After reviewing the information within OMS, brokers can complete and submit the application on Selina's broker portal allowing them to move through the application process more efficiently.

Selina Finance offers flexible credit facilities from £10,000 to £1 million and enabling borrowers to draw down funds as needed, with interest charged only on the drawn amount and no fees for early repayment.

OMS is an end-to-end mortgage platform used by advisers, packagers and lenders across the UK, supporting a wide range of products including residential, buy-to-let, second charge, bridging, commercial and protection.

Henry Vaughan (pictured), VP of growth at Selina Finance, commented: “This development is all about saving brokers time and improving their experience with Selina. The fewer the clicks and manual inputs, the better. We’re pleased to be making it easier for brokers to engage with our products via OMS.”

Neal Jannels, managing director of One Mortgage System, added: “We’ve seen real momentum building behind our Selina integration, and this next phase takes things even further. It’s another example of how we’re working closely with lenders to streamline the process and give brokers more tools to do their jobs efficiently.”