Cartel Group Selects SDS MAPS

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SDS Applications Ltd, one of the UKÂ?s leading providers of mortgage and lending systems, today announced that Cartel Group has chosen to implement the SDS MAPS mortgage system to optimise the performance of its mortgage processing operation.

SDS MAPS supports all aspects of the mortgage life cycle, providing end-to-end sales, processing and interfacing functionality. After an extensive search for the right solution Cartel were impressed with the intuitive design, flexibility and user-friendliness of the system.

“We had outgrown our existing systems and wanted to find the right solution to meet our specific needs with an eye towards future technologies,” said Carl Wright, Managing Director of Cartel. “We are confident that SDS’s customisable solution will help to greatly increase our efficiencies whilst lowering our overall costs.”

“We are pleased to have been selected to provide Cartel with their next-generation mortgage system. SDS MAPS was developed to virtually eliminate manual processes, costly interfaces and paper-based procedures in the mortgage process,” said Barry Yager, Development Director at SDS, “coupled with the industry connectivity provided by “the mortgageweb”, the SDS MAPS system is ideal for today’s forward thinking mortgage company.

About Cartel

Cartel is recognised as one of the Top 100 fastest growing companies in the North West and was one of the first companies in the industry to be awarded the scope of permission notice and FSA authorisation from 31st October 2004.

Managing director Carl Wright founded the company in 1997 and now Cartel and its associated companies have over 400 employees worldwide, with operations in India and Egypt.

The company’s unique selling point is a concept called Mortgage Cost Reduction (MCR), which aims to identify the best possible deal for every customer and is exclusive to Cartel.

About SDS Applications Ltd

SDS Applications Ltd provides browser-based mortgage processing solutions for lenders and mortgage packagers. The SDS MAPS mortgage system covers the entire pre-completion process including; product sourcing, decisioning, application processing, compliance, document production and online broker support.

Recent Clients in the Mortgage & Lending sector include Lloyds TSB, Enterprise Homeloans, GMAC RFC, Solent Mortgage Services, The Mortgage Operation, TMB, Rooftop Mortgages, Barnsley Building Society, High Street Home Loans, Cambridge Building Society, The Mortgage Distributors Cooperative, Kensington Mortgages, The Finance Centre, C-2 Financial, Universal Building Society and National Counties Building Society.

For further information please contact:

Justin Belcher     

SDS Applications Ltd    

Tel: 01494 778863

press@sdsapps.co.uk

Or visit the Internet site at http://www.mortgage-systems.com

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Justin Belcher