IRESS is a leading software provider for stockbrokers, financial advisers, banks, investment managers and superannuation funds. It is also a market leader in mortgage software in the United Kingdom, where one in four mortgages are processed through its software, known as MSO.
MSO allows lenders to efficiently process mortgages including application capture and assessment and it also assists in orchestrating the approvals and settlement. It enables workflows to be automated, reducing effort and cost for lenders. It also improves outcomes for borrowers and brokers with a simplified digital experience and faster turnaround times.
Phil Quin-Conroy, IRESS’ General Manager, Lending, said: “We are delighted to partner with Volt, who have a bold, customer-centric vision of leveraging digital technology to transform lending in Australia.
“Today’s announcement reflects a growing need we’re seeing amongst lenders who are seeking to reduce friction and increase automation, as well as improve the experience of their end customers through quickly, efficiently and responsibly approving and settling loans.”
Steve Weston, CEO, Volt, said: “We selected IRESS to implement the highly configurable, cloud-based MSO software solution because of its powerful workflow management and automation together with extensive integration capabilities to manage complex third party services. We were also impressed with the rapid implementation and support provided by IRESS’ expert local team.”
Kelly Fisk, Head of Communications
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