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Press & Reports

We are pleased to welcome you to the OCC Finance News & Press update reports.

Since we have started, our aim has been to provide the industry and our partners with leading software and finance technologies to help grow mortgage and financial business, quickly and effectively.

Our news and press provides details on our latest products, launches and press releases.

If you'd like us to notify you as we publish updates do email us at news@occfinance.com to subscribe to our news.

App helps buyers source affordable properties

Monday, 11 Jul 2011

A new iPhone app enables buyers to calculate their affordability when in search of their dream home.

Called Intellicalc, the app is available to agents through an agreement between Openwork, a financial advisory network, and OCC Finance Technology, a software developer.

Intellicalc uses live mortgage data and so is able to precisely calculate the amount of money a buyer could potentially borrow using currently available interest rates as well as loan to value ratios. The software can display all properties the estate agent is marketing, which are within reach of the buyer.

In addition to showing the maximum price available, the app also allows buyers to adjust the inputs to show the impact on monthly costs. It also gives the buyer a summary of all the major costs and key data associated with the purchase - deposit required, stamp duty, loan to value, interest rate and monthly mortgage payments.

The app is currently being used by 65 estate agents around London.

Conor Murphy of OCC Finance Technologies LLP, says: “In a difficult market, estate agents cannot afford to spend their time showing potential buyers properties they will not be able to afford. Intellicalc helps improve efficiency y allowing agents to target buyers with the right properties. It helps improve buyer confidence as they know that any property they look at will be within their reach.”


Introducer puts OCC on top

Thursday, 07 Jul 2011

New mortgage app rolled out to estate agents across UK.

A software application already being used by 65 London estate agents is to be rolled out nationwide, following a deal with Openwork, the UK’s largest multiple-tied financial advisory network. 

Intellicalc is an app which integrates with estate agents’ websites to allow house hunters who input their income and deposit to see which of the properties that the agent has for sale they can afford. 

The deal will see Openwork promote Intellicalc to its 1,600 brokers across the UK.
 
 Intellicalc claims to be radically different from other mortgage calculators because it uses live mortgage data so is able to precisely calculate the amount of money a buyer could potentially borrow using currently available interest rates, as well as ‘loan to value’ considerations.

The software displays all properties the estate agent is marketing which are within reach of the buyer.
 
In addition, Intellicalc also allows buyers to adjust the inputs to show the impact on monthly costs.

It also gives buyers a handy summary of all of the major costs and key data associated with the purchase such as deposit required, stamp duty, loan to value, interest rate and monthly mortgage payments.


New mortgage app rolled out to estate agents across UK

Thursday, 07 Jul 2011

A software application already being used by 65 London estate agents is to be rolled out nationwide, following a deal with Openwork, the UK’s largest multiple-tied financial advisory network.

Intellicalc is an app which integrates with estate agents’ websites to allow house hunters who input their income and deposit to see which of the properties that the agent has for sale they can afford.

The deal will see Openwork promote Intellicalc to its 1,600 brokers across the UK.

Intellicalc claims to be radically different from other mortgage calculators because it uses live mortgage data so is able to precisely calculate the amount of money a buyer could potentially borrow using currently available interest rates, as well as ‘loan to value’ considerations.

The software displays all properties the estate agent is marketing which are within reach of the buyer.

In addition, Intellicalc also allows buyers to adjust the inputs to show the impact on monthly costs.

It also gives buyers a handy summary of all of the major costs and key data associated with the purchase such as deposit required, stamp duty, loan to value, interest rate and monthly mortgage payments.