Unisys on hand for Sutherland’s UK mortgage tech platform
Sutherland Mortgage Services has made a five-year, seven-figure deal with Unisys to launch an outsourced mortgage servicing platform for the UK market.
US firm Sutherland looking for UK action
There are no details about those seven figures but the third-party servicer has chosen Unisys to develop an ecosystem based on the latter’s Elevate platform. Elevate was launched last year and can be used via mobile, tablet, internet or inside a branch.
According to Unisys, it already supports approximately 40% of the UK mortgage market. It will support Sutherland with mortgage servicing, migration and management of legacy books; and diversification into other areas such as savings and banking.
Scott Slifer, global head of mortgages and CEO of Sutherland Mortgage Services UK, says the modular nature of the Elevate platform “means we can add necessary functionality quickly and a cloud-based offering was important to us”.
The platform also incorporates the Unisys Stealth security suite, which uses identity-based microsegmentation techniques and encryption to create segments across a network.
Sutherland in the UK offers outsourced services that include loan origination, processing, servicing, underwriting and analytics. It is a division of Sutherland Global Services, a US-based business process and technology management organisation that operates in more than 60 locations, within 20 countries.
In the US, Sutherland has originated around $45 billion of mortgages for its clients, and has over $250 billion of mortgage assets currently under management.
