PRESS RELEASE 11 Oct 2016
Magenta Capital Corporation teams up with Marlborough Stirling Canada’s new
Omiga LITE platform
October 11, 2016 - 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."
For more information about OmigaLite,
VP, Client Services
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
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.
Marlborough Stirling Canada Limited is a wholly owned subsidiary of Capita Mortgage Administration Limited. (http://www.capita.co.uk/)