EQ Credit Services announces the 'Go Live' with specialist lender Hodge
Hodge is the first client to utilise the specialist EQ Borrowbox mortgage platform
Innovative, flexible API based platform will lead to greater integration, improved customer experience and support Hodge's ambitious growth
EQ Credit Services (EQCS), the UK's leading consumer credit technology and outsourced services provider, has announced the 'Go Live' of its mortgage servicing for Hodge, the Cardiff-based bank.
Hodge is the first client to use the innovative API-led EQ Borrowbox platform from EQCS, explicitly created for the mortgage market and launched to new Hodge customers in November 2020.
The EQ Borrowbox platform has already helped Hodge to deliver an improved customer experience and greater efficiency and control by bringing servicing and collections inhouse. It has also enhanced risk management thanks to real-time data access.
The flexible functionality of EQ Borrowbox will enable Hodge to digitalise and simplify the mortgage process and quickly launch new products to market in a matter of days, helping support its ambitious growth plans. As it grows, Hodge's mortgage customers will benefit from an improved, more efficient customer experience enabling customers to make payments and manage accounts online.
Mark Evans, Chief Technology Officer at Hodge, said of the partnership:
'For over 50 years Hodge has been making a difference to the lives of our customers. Investing in the EQ Borrowbox platform will allow us to continually improve the service we deliver to the tens of thousands of customers in the UK who trust us to support them, as well as allowing us to more quickly develop more innovative and exciting products.
'We design our products with the end customer in mind, making things simple and straightforward. By partnering with EQ Credit Services and adopting a digital-first approach, we have been able to streamline our processes and improve functionality giving our customers more flexibility and, going forward, greater access to their mortgage accounts,'
Richard Carter, Managing Director at EQ Credit Services, said:
'We are delighted to see the continued benefits Hodge are experiencing from using the EQ Borrowbox platform and congratulate the teams on this significant achievement amid the disruption caused by the COVID-19 pandemic.'
EQ Borrowbox is part of the wider Mortgage Services offering from EQ Credit Services, who are industry leaders and the largest UK provider in lending technology and services. Capable of bring digital-first innovation to mortgage providers of all sizes and arming them with the agility they need to stay ahead of the market.
For more information
Please contact Faye Peacock, EQ Digital Marketing Manager
Notes to Editor:
About EQ (Equiniti Group plc):
Tel: 01903 853 865 / 07484 532275
EQ is an international technology-led services and payments specialist. With over 5,000 employees, it supports 36 million people in 120 countries. EQ's purpose is to care for every customer and simplify every transaction, delivered with less of an impact on the environment.
EQ is listed on the London Stock Exchange as Equiniti Group plc.
Find out more https://equiniti.com/
EQ serves clients and customers through four divisions:
EQ Boardroom: Share registration, governance and investor relations advisory, and employee benefits services
EQ Digital: Helping regulated businesses and Government to manage customers through innovative digital solutions
EQ Paymaster: Pensions, annuities, flexible benefits and payroll for the UK's largest public and private sector organisations
EQ U.S.: Transfer agency, equity compensation services and digital solutions for U.S. firms; serving the world's leading brands since 1929
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Hodge is an independently owned group of businesses based in Cardiff, offering a range of products and services through its Hodge brand. Hodge offers a range of personal deposit-taking services to private and commercial clients, as well as lending to commercial clients nationwide. More information can be found on the website https://hodgebank.co.uk/
The Hodge Foundation, a charity supporting the welfare, medical, academic and educational areas own 79% of Hodge.
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Follow @HodgeLifetime on Twitter