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HomeBankingApril taps Dutch fintech Ohpen to power its UK mortgage offering

April taps Dutch fintech Ohpen to power its UK mortgage offering

Date:

  • April Mortgages, a fixed-rate mortgage provider, has teamed up with Dutch core banking technology firm Ohpen to enhance its lending operations in the UK market.
  • Launched in February 2024, April Mortgages offers longer-term fixed-rate mortgages with flexible payment terms ranging from five to 15 years, aiming to simplify the mortgage process and provide transparency to homeowners.
  • The London-based lender is owned by Dutch company DMFCO, the largest independent asset manager of Dutch residential mortgages with a portfolio exceeding €28 billion.
  • DMFCO operates a similar mortgage business in the Netherlands under the brand MUNT Hypotheken, serving over 100,000 customers since its inception in 2014.
  • With the partnership with Ohpen, April Mortgages aims to replicate its Dutch success in the UK market by leveraging Ohpen’s modular core banking platform.
  • Ohpen, based in Amsterdam, will support April Mortgages’ mortgage technology stack, focusing on loan origination, servicing, and credit management.
  • The collaboration underscores April Mortgages’ strategic intent to establish a strong presence in the UK mortgage market with the assistance of Ohpen’s advanced banking technology.

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