The Cambridge launches MATS system
The Cambridge Building Society has introduced an innovative new system to ensure that customers are better informed about the progress of their mortgage applications.
Working with UK technology specialist MatsSoft, The Cambridge has put in place a solution called MATS (Multi Application Tracking System), which is designed to make the processing of mortgage applications smoother for customers, mortgage intermediaries and employees.
The MATS system enables employees at The Cambridge to follow the progress of mortgage cases more closely than ever before. It also enables the sending of updates to customers and intermediaries - via text message, email and personalised web pages - to keep them proactively informed of progress.
With demand for The Cambridge's mortgages reaching record levels following a successful rebrand, the new technology is aimed at delivering a superior service to intermediaries and applicants.
The system is now up-and-running within The Cambridge's headquarters and across its 18 branches in the East of England.
Andy Lucas, Commercial Director says: "We identified ways to further improve our service to customers and intermediaries and the MATS system was able to bridge these gaps.
"So far we have received great feedback from our customers and mortgage intermediaries and it has made a significant improvement to output levels of our employees."
MatsSoft CEO Martin Scovell said: "We're extremely pleased to announce the solution we have developed for The Cambridge, which will bring significant benefits to the organisation and its dedicated employees, and even more importantly the intermediaries and customers who use its services.
"The ultimate aim of our technology is to make life easier for companies, their staff and their customers by improving the end-to-end flow of information. We all know the stress that can arise from delays and lack of information but MATS addresses that directly in order to lift the burden from both employees and customers."