The Mortgage Operation (TMO) 'Gears Up for the Future of Mortgage Packaging with SDS Applications Ltd.

TMO Selects 'SDS MAPS -- A Breakthrough in Mortgage Packaging Software"

November 12th, 2002 -- SDS Applications Ltd, an established leader in the development of mortgage and lending systems, today announced that The Mortgage Operation (TMO) has chosen to implement the 'SDS MAPS mortgage application processing system to optimise the performance of its mortgage processing operation.

After an extensive search for the right solution TMO were impressed with the intuitive design, flexibility and user-friendliness of the system.

Mark Charlesworth, Managing Director of TMO, commented, "We selected SDS because of their strong track record and depth of expertise in mortgage systems. We found that 'SDS MAPS was not only the most flexible packaging solution available but was also an excellent platform for delivering easy-to-use enhanced services to our introducer network, this capability furthers our commitment to meeting the communications needs of our network of introducers who demand increasingly innovative services."

TMO has invested heavily in technology-based solutions over the last few years and offers members a sourcing system, TMOS, that gives access to the entire UK mortgage market as well as additional products and facilities. The implementation of 'SDS MAPS will help TMO move to the next level in efficiency whilst offering enhanced services to their clients.
'SDS MAPS has been designed to be the most user-friendly, easy-to-use mortgage software solution ever developed. The system features integrated 'mortgage application specific' workflow, case tracking, powerful document production facilities and customisable management information (MIS) functionality. It is capable of producing pre-application mortgage illustrations and has been designed to be flexible enough to handle future changes to compliance regulation.
'SDS MAPS is a breakthrough in mortgage packaging software," said Barry Yager, Commercial Director at SDS, It will help to drive down packagers costs and simplify communications with their Lenders, Introducers and Clients. It is our intention to provide our Clients with the tools to compete with anyone in the industry".
About The Mortgage Operation (TMO)
The Mortgage Operation (TMO) is one of the leading mortgage networks in the UK operating through financial advisors. With offices in central London, TMO is dedicated to providing professional mortgage advisors with a comprehensive service for their Clients seeking home loans.
TMO represents thousands of mortgage advisors and, on their behalf, works with major Lenders to develop competitive, value added products. In 2002 TMO will package over 2bn of mortgage business and handle completions in excess of 1bn.
TMO operates throughout the UK, including Northern Ireland and Scotland.
TMO is an Incorporated Member of The Corporation of Insurance, Financial and Mortgage Advisers (CIFMA) and is an associate member of the Council of Mortgage Lenders (CML).

About SDS Applications Ltd
SDS Applications Ltd is considered one of the mortgage industry's leading providers of mortgage lending software solutions. The company offers an integrated suite of mortgage processing solutions for Lenders and Packagers.
Recent Clients in the Mortgage & Lending sector include GMAC RFC, Solent Mortgage Services, Barnsley Building Society, Vernon Building Society, Cambridge Building Society, Universal Building Society and National Counties Building Society.

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For further information please contact:

Justin Belcher
SDS Applications Ltd
Tel: 01494 778863
press@sdsapps.co.uk

Or visit the Internet site at www.sdsmortgages.com.