11 October 2016
Magenta Capital Corporation teams up with Marlborough Stirling Canada’s new Omiga LITE platform
Magenta Capital Corporation (MCC) has become the first organization to invest in Marlborough Stirling Canada’s new Omiga LITE platform.
As part of the Magenta Mortgage Group, MCC has a long and successful track record as one of Canada’s pre-eminent Mortgage Investment Corporations (MIC) managers and currently manages one of the largest private MIC portfolios in the country.
By using Omiga LITE, Magenta will benefit from the platform’s enterprise grade application, incorporating standardized and bespoke business and risk rules using configuration which can be easily modified and maintained. Omiga LITE enforces audit controls and a disciplined approach to managing exception-based lending. Magenta will also be taking advantage of Omiga LITE’s built-in Broker Portal – allowing their brokers access to the status and outstanding conditions on their deals in real time.
Omiga LITE is offered as a Software as a Service (SaaS) solution, which removes the burden of operational overheads and guarantees service levels for uptime and data management. Disaster recovery and training environments are included to complement the flexibility and dependability of the overall solution.
Chris Pornaras, CEO at Marlborough Stirling Canada, said: “Magenta knew exactly what they were looking for in an underwriting solution, and we are pleased that our LITE version of the Omiga product gives them a competitively priced ‘out of the box’ solution which can be configured to meet their specific needs.”
Denise Buckley, VP Mortgage Operations at MCC, said: “The Team at Marlborough Stirling presented us with many compelling reasons to partner with them. Our investment in the Omiga LITE platform is a powerful symbol of our ongoing commitment to being Canada’s investment grade MIC and to providing superlative service to our mortgage broker partners.”
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Kirsty Sewter
Capita press office
Tel: 020 7654 2386 or 020 7654 2399 (out of hours)
Email: kirsty.sewter@capita.co.uk
Simon Coughlin
Capita press office
Tel: 0207 654 2192 or 0207 654 2399 (out of hours)
Email: simon.coughlin@capita.co.uk
About Marlborough Stirling Canada
Marlborough Stirling Canada (MSC), part of Capita plc, delivers flexible and innovative mortgage technology solutions to some of Canada’s most successful lenders and mortgage brokers. At MSC, simplifying the mortgage process for you and your customers is our primary focus. We’ve been delivering innovative solutions, helping clients elevate their mortgage business and providing peace of mind for more than 25 years. MSC provides a complete range of hosted and licensed software implementations capable of achieving seamless straight through processing of mortgage business from initial customer inquiry to final loan discharge.
About Capita plc
Capita is a leading UK provider of technology-enabled customer and business process services and integrated professional support services. With 75,000 people at over 500 sites, including 94 business centres across the UK, Europe, India and South Africa, Capita uses its expertise, infrastructure and scale benefits to transform its clients’ services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE 100 with 2015 revenue of £4.7 billion. Further information on Capita can be found at: www.capita.com.
