Volt bank to build mortgage platform with IRESS

Digital bank Volt has revealed a new partnership with veteran fintech vendor IRESS to build its customer-facing mortgage system.

The neobank, which only recently gained regulatory approval to become a fully-licensed deposit taking institution, will use IRESS’ MSO software to capture and assess mortgage applications.

The software also assists with orchestrating approvals and settlements, enabling mortgage lenders to automate workflows and reduce associated costs while speeding up application turnaround.

Volt chief executive and co-founder, Steve Weston, said IRESS’ cloud-based, “highly configurable” MSO software was selected “because of its powerful workflow management and automation together with extensive integration capabilities to manage complex third party services”.

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Source: Volt bank to build mortgage platform with IRESS – Finance – Cloud – Software – iTnews