IRESS is already providing mortgage software in the UK, where it says one in four mortgages are processed through its software MSO.
The platform has been designed to allow lenders to process loans including application capture and assessment, also assisting in orchestrating the approvals and settlement.
MSO also has aimed for automated workflows, faster turnaround times and a simplified digital experience.
“Today’s announcement reflects a growing need we’re seeing amongst lenders who are seeking to reduce friction and increase automation, as well as improve the experience of their end customers through quickly, efficiently and responsibly approving and settling loans,” Phil Quin-Conroy, general manager, IRESS said.
Steve Weston, chief executive of Volt commented: “We selected IRESS to implement the highly configurable, cloud-based MSO software solution because of its powerful workflow management and automation together with extensive integration capabilities to manage complex third party services.
“We were also impressed with the rapid implementation and support provided by IRESS’ expert local team.”
Sarah Simpkins is a journalist at Momentum Media, reporting primarily on banking, financial services and wealth.
Prior to joining the team in 2018, Sarah worked in trade media and produced stories for a current affairs program on community radio.
Sarah has a dual bachelor's degree in science and journalism from the University of Queensland.