Money Partners case study 

The client: Money Partners were a start-up company originating loans and mortgages, which ended up with a value over £2 billion. They have recently been taken over by global investment banking and securities firm Goldman Sachs.

The challenge: Having initially bought an off-the-shelf solution, Money Partners realised that this new software package was simply too limiting for them. What they wanted was a dual-focus system that was more in line with the way their business operated. It was to include an online portal for IFAs and other intermediaries to log onto, which would allow them to generate credit agreements and key facts illustrations documents that were tailored to their particular customer, and also the back end processing for all of the applications.

The solution: Despite being a colossal project dealing with high value transaction processing, we weren’t fazed at all by Money Partners’s request – in fact, we loved building a system that was tailored around them and how they operated as a business.

MoneyPort, the online portal, was essentially a straightforward public facing website designed for brokers and IFAs, although the fact that all of the lending rules we built into the system allowed them to generate a decision in principle almost immediately took it to a different level. Hooked up to Equifax, it could also access and analyse the applicant’s credit history. Once an application was accepted, the system would even generate all the documentation. Through MoneyPort, users could also access details and track the progress of all their current cases.

MoneyWorks, the second part of the project, provide the back-end processing for these applications. A complete case management system, it could take each loan or mortgage from initial contact to approval to funds being released to the applicant. A highly complex line-of-business solution, it generated screens for all the different users – from underwriters to compliance officers – within one fully integrated system, all built on the Microsoft stack using .Net and SQL Server.