Monument Technology and One Mortgage System (OMS) have partnered to implement a next generation mortgage origination platform for Ecology Building Society, supporting the Society’s strategic ambition to double its mortgage lending and boost its positive impact while maintaining its long-standing commitment to ethical lending.
As part of Monument Technology’s Banking Platform as a Service (BPaaS), the implementation of the full OMS Originations journey enables Ecology Building Society to provide a seamless, end-to-end process including a broker portal, decision engine and full underwriting functionality. This end-to-end solution, which went live in October, will help enhance operational efficiency, improve broker and customer experience, and ensure mortgage cases can be processed with greater speed, accuracy and transparency.
Since its founding in 1981, Ecology Building Society has been dedicated to financing homes and projects which deliver environmental and social benefits. It remains a purpose-driven mutual, supporting energy-efficient homes, eco-renovations and conversions, as well as community-led housing. In 2024, the Society lent £54 million across 201 properties and projects, including affordable housing, sustainable businesses, self-builds, energy-efficient retrofits, and conservation-focused woodland purchases.
Monument Technology’s BPaaS provides regulated banks and building societies with an end to end, modular and cloud-native solution for savings, lending, and payments, including mortgage origination, mobile apps and a web portal, all of which accelerates transformation and innovation across the sector. Monument Technology takes care of all of the platform implementation and ongoing managed technology service enabling banks and building societies to focus on rapidly growing their mortgage and savings business.
Launched in April 2024, OMS Originations streamlines the whole end-to-end origination journey for both the intermediary and direct submission route to deliver unparalleled processing capability, while also ensuring all parties remain fully informed throughout the process. A customisable dashboard allows lenders to create efficient workflows to meet a variety of borrowing requirements without having to endure lengthy development times or additional costs.
Neal Jannels, Managing Director of OMS, commented:
"Ecology Building Society has always taken a distinctive approach to lending, grounded in values that support environmentally responsible finance. We’re proud to provide an originations platform that helps scale those values into a modern, digital mortgage journey - delivering the flexibility, efficiency, and transparency needed to meet borrower needs today while supporting sustainable growth for the future. Working alongside Monument Technology, this has been a fantastic project, and I applaud all three teams for getting this build implemented and launched in such a quick timescale."
Steve Britain, CEO of Monument Technology said:
“We are delighted to have partnered with OMS to deliver a transformative mortgage origination platform for Ecology Building Society, the first phase of Ecology’s adoption of our market leading, BPaaS solution. With savings and mortgage servicing to follow, Ecology’s members will soon benefit from the best technology available. It’s a wonderful example of three organisation coming together to deliver.”
Gareth Griffiths, Ecology Building Society’s Chief Executive Officer, said:
“Our investment in the Monument Technology and OMS platforms is indicative of our commitment to keep improving the service we offer to mortgage brokers and direct borrowers so we can continue to grow our lending and our positive impact on people, planet and communities. The launch of this new partnership is a key milestone in our exciting digital transformation, part of the evolution of Ecology as we ensure the Society is fit for the future and able to better serve intermediaries and our current and future Members.”
