VMP-UK provides technology solutions is designed to make it easy for UK mortgage lenders to meet the challenge of FSA compliance for mortgage forms and documents, both for 2004 and beyond

In the highly regulated US mortgage market, VMP is far and away the market leader for providing technology to cope with strict compliancy regulations. Maintaining a continually updated library of nearly 2,000 pre-formatted mortgage compliant documents (regulation occurs at the Federal government and State level - imagine the FSA times 50 ! ). VMP provides the perfect technology for helping UK lenders deal with UK regulation.

 

Please read our free guide to meeting the UK compliance challenge:

 

Guide to implementing electronic mortgage illustrations.      An overview of different types of electronic document technologies.      (November 2003, PDF, 295K, 8 pages)

VMP provides a range of services to enable mortgage lenders to produce compliant documentation. 

 

Option 1. For Solution providers and Web Developers.

With VMP technology you can massively reduce the development time of creating Compliant Dynamic Documents. We provide FSA compliant preformatted documents, ready to accept your application's data. Alternatively, using our design software, you can design your own.

 

VMP dynamic documents are seamlessly embedded within your application, whether in a bespoke VB programme, or within an internet or intranet page. With the simplest of programming, data from your existing applications can populate the documents, with text adjustment and data formatting occurring automatically. If your solution already encompasses non-compliant mortgage illustrations, VMP technology instantly solves your compliance challenge  - simply take your data and present it in our pre-formatted forms.

Using VMP design tools, we created a design template from scratch for a 4 page broker KFI from CP186, we activated the fields to be filled with data from any application at over 100 points of the document, and deployed it to the web. This was all done in one day.

 

Option 2. For in house IT teams.

Build your mortgage KFIs, using VMPs document design tools. To minimise the development challenge, KFIs can be built entirely without programming - repayment schedules, APR calculations, etc can all be built into the document to occur automatically . The user merely enters the minimum of product requirements, and the KFI will create itself.

The skills required for building your own intelligent KFIs are no more advanced than those required for creating an Excel spreadsheet.

 

The ease of creating, and changing, coupled with ease of duplication, allows you to create a library of KFIs with individual documents tailored to different mortgage products and sales channels. The whole pool of KFIs can be updated in minutes in light of interest rate or regulatory changes.

 

Option 3. For lenders that prefer to outsource.

We can create a set of KFI documents tailored to your organisation and products. We handle the design of the basic KFI documents and the intelligence behind them. By giving you administrator access to your documents you can change the various text and figures, to accommodate altered product features, new costings, interest rates changes, and so on. Input from us is only required when major revisions are required.

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