Leading banks, lenders, and regulated intermediaries trust CreditLogic to transform mortgage origination and restore competitiveness and growth.
Permanent TSB (PTSB)
Third largest bank in Ireland, with €20bn residential mortgage book and €2.3bn in drawdowns in 2023.
Challenge and requirements
- Mortgage inefficiencies demanded swift action, but the transformation journey was uncertain and complex
- CreditLogic chosen for mortgage expertise, fast configuration aligned with the bank’s model
- 16 weeks for configuration, testing, deployment; go-live in August 2021
19%
drawdowns market share in 2023, up from 15% in 2020
+60%
increase in pipeline conversions
Awarded
‘Most Innovative Banking Product’ – 2023 FS Awards in association with KPMG
First Home Scheme
Government supported shared equity scheme for first-time buyers, in partnership with major banks.
Challenge and requirements
- Selection process led by Deloitte with AIB, Bank of Ireland, PTSB, and the Irish government
- First Home Scheme mandated BCM Global to launch a modern origination solution in under 6 months
- CreditLogic chosen for its proven bank expertise and rapid deployment
12 weeks
to configure and deploy live the system
Hundreds
of applications processed in the first hours
107%
growth in completed applications y-o-y at Q3’24
ICS Mortgages
Leading regulated Irish mortgage lender with a €2bn book, 95% broker-driven.
Challenge and requirements
- ICS’s loan servicer, BCM Global, selected CreditLogic in Dec’2023 to replace outdated origination system
- Deployed in under 20 weeks, launching a game-changing bridging loan in Sep’2024
- ICS is now migrating its entire €2bn mortgage book
<20 weeks
to configure, deploy and migrate processes to new system
First-mover
game-changing short-term bridging loan product launch, new to Irish market
BCM Global
Leading European loan servicer managing €38bn in assets and 45,000 loans in Ireland, supporting banks, credit unions, and non-bank lenders.
Challenge and requirements
- Existing system lacked the user experience and agility clients demanded
- BCM Global selected CreditLogic as its mortgage origination partner in 2022 after a rigorous process
- Successfully launched with initial clients; now migrating all origination operations to CreditLogic
Proven
with multiple successful client deployments
-50%
lower mortgage origination related operating costs
Preferred
software partner for all mortgage origination client operations
// Our clients
“Our partnership with CreditLogic is an important milestone on our journey to making PTSB the best-in-class retail and SME bank for Irish consumers. Our new digital-first mortgage experience has received exceptional feedback from both our customers and colleagues.”
Tom Hayes,
Group CTO, Permanent TSB
// Our clients
“CreditLogic provided the proven, scalable solution we needed to launch our shared equity scheme on a tight timeline. We’ve since seen application volumes double year-over-year, thanks to their platform’s reliability and performance.”
Michael Broderick,
CEO, First Home Scheme
Validated Business Impact
First-mover
Game-changing new product launches
<12 weeks
Configuration and deployment
Instant scale
Handle hundreds of applications per hour
+60%
Higher lead pipeline conversions
-90%
Lower lead processing times
-50%
Lower operating costs
+5pp
Gain in new drawdown market share
<1 hour
Time to activate new value-add modules like Open Banking, eKYC
<4 weeks
Time to extend platform to new loan products or onboardings