ULS Technology PLC New Strategic Agreement with Belmont Green
June 30 2016 - 2:01AM
RNS Non-Regulatory
TIDMULS
ULS Technology PLC
30 June 2016
ULS Technology plc
(The "Group" or the "Company")
New Strategic Agreement with Belmont Green
ULS Technology plc (AIM: ULS), the provider of online B2B
platforms for the UK conveyancing and financial intermediary
markets, announces it has signed a five-year agreement with
challenger mortgage lender Belmont Green Finance Limited ("Belmont
Green"), to provide its proprietary conveyancing comparison
technology platform, eConveyancer(TM) .
This agreement, whereby ULS receives a fee per completed
transaction, is for a new deployment and is expected to launch with
a number of intermediaries later this year. This agreement is
another demonstration of the Company's stated growth strategy to
further penetrate the conveyancing market through relationships
with banks, specialist lenders and building societies.
Belmont Green is a team of experienced mortgage professionals
who have come together to create a new challenger brand mortgage
lender, which will distribute its products exclusively via
intermediaries. The company formed in October last year and was
looking for a robust and scalable service that could support its
growth over the long term.
With overall customer experience, speed to market and ease of
technology integration being of highest importance to Belmont
Green, ULS is proud to have been awarded this new contract which
will extend to cover a variety of conveyancing services, technology
and support.
ULS was able to demonstrate a full understanding of Belmont
Green's business requirements and show how its conveyancing service
could effectively provide their mortgage customers with a
straightforward and speedy application process, leading to faster
mortgage completions and high levels of customer satisfaction.
ULS's eConveyancer(TM) platform enables mortgage advisors and
intermediaries to help their customers compare and then instruct a
vetted, approved and regulated solicitor or licensed conveyancer.
Typical comparisons include cost, location and speed of service. In
addition, ULS provides ongoing service and support for customers to
facilitate the smooth running of conveyancing transactions.
Ben Thompson, Chief Executive of ULS Technology plc, commented:
"This new relationship will add to our already strong and loyal
distribution for conveyancing and will assist our plans to increase
our market share. We have spent much of the last year completing
our suite of conveyancing services for mortgage lenders,
specifically so we can more actively target this sector. As a
result of this, we are now able to offer everything that a lender
requires with regard to conveyancing services and plan to make
further inroads into this market in the future.
"We very much look forward to helping Belmont Green to launch
into the UK intermediary mortgage market."
Enquiries:
ULS Technology plc Tel: 01844 262392
Peter Opperman, Chairman
Ben Thompson, CEO
John Williams, Finance Director
Numis Securities Limited Tel: 0207 260 1000
(Nomad & Broker)
Stuart Skinner / Paul Gillam,
Corporate Advisory
Michael Burke, Corporate
Broking
Walbrook PR Limited ulsgroup@walbrookpr.com
Paul Cornelius or Tel: 020 7933 8780
Nick Rome
Helen Cresswell
This information is provided by RNS
The company news service from the London Stock Exchange
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