Focus Business Solutions & Dashboard Software

Background

In November 2005, Focus Business Solutions and Dashboard Software announced a strategic partnership to deliver a suite of ‘best of breed’ mortgage technology solutions helping to further streamline the sales process.  The new partnership combined the technology expertise and industry knowledge of both organisations to provide a number of new technology solutions for mortgage intermediaries, packagers and lenders.

An overview of the joint solutions

Focus’ MCA (Multi-Channel Advice) for mortgages solutions has been integrated with Dashboard Software that is used by over 80 of the UK’s leading mortgage intermediaries, with exposure to over 6500 users. The combination of the two technologies provide a wide range of opportunities over and above enhancing the functionality of the existing Dashboard Software solution, including the delivery of a fully integrated sales solution for lenders and major mortgage networks.

Since the announcement of the partnership, we have been embarking on a number of joint initiatives in order to deliver a suite of new solutions for the mortgage market including;

·     Instant compliant KFIs (Key Facts Illustrations) accessed directly by brokers from the Dashboard system providing considerable time savings for the sub-prime lender market.  Client data is pre-populated avoiding duplication.

·     A new fully integrated 'out of the box' lender back-office to support new market entrants

·     Intermediary extranet solutions

·     A complete end-to-end solution for front and back-office adviser processes aimed at the major mortgage distribution networks

Business benefits

The new solutions combine and enhance the business benefits delivered by the two technologies including:

·         An easy to use solution

·         Affordable and flexible

·         Rapid speed of development

·         Speed to market for new products

·         A flexible solution in response to internal & external
    business requirements

·         Reduced administration costs

·         A positive return on investment

Latest developments 

Over the past 12 months there has been a lot of mergers and consolidation in the UK mortgage market, with brokers, lenders and packagers fighting for market share and a competitive edge.  The latest development for the Focus and Dashboard partnership involves the integration of lender and packager solutions into distributor solutions to enable brokers to deliver online DIPs, KFIs and Mortgage Applications at the Point of Sale, opening up the packager market to lenders.