Sold by: SBS
SUMMIT is SBSs UK proven core servicing platform for mortgages and savings, delivering end-to-end account administration from setup and day to day servicing through arrears management, interest and rate changes, redemptions, maturities, customer communications, and statutory reporting. It is stable, secure, and scalable, integrating natively with UK payment schemes, credit reference agencies, general ledger platforms, and address validation services. SUMMIT supports institutions from small building societies to Tier 1 banks, with a strong track record in automation, regulatory compliance (MLAR, ISA, PSD, BSC etcetera), and multi-branch/multi-organisation operations.
Overview
SUMMIT is the servicing backbone of SBSs Mortgage & Savings Suite (MSS), purpose-built for the UK market to run the full post origination lifecycle for mortgage and savings accounts with control, and compliance at scale. It unifies servicing for mortgages (SVR, fixed, discounted, offset, flexible, buy to let, interest-only and specialist constructs such as bridging) and savings (ISA, bonds, notice, passbook), and governs the critical business processes that keep a lenders book accurate, reconciled, and compliant day after day. At its core, SUMMIT provides account setup and maintenance, payment posting, interest accrual and capitalisation, rate change processing, arrears and concessions handling, maturity/redemption, and customer communications all orchestrated by robust batch cycles (end-of-day, period-end, year-end) with centralised exception control and auditability. Parameter-driven configuration lets institutions launch and adapt products quickly, manage fees and charges consistently, and change rules without bespoke development, materially reducing time-to-market and risk. The platforms integration gateway connects natively to UK payment networks, credit-reference and valuation services, general ledger systems, among other key dependencies, ensuring straight-through servicing across channels and partners. For advanced collections, SUMMIT integrates with our ICS (Instalment, Credit & Collections Suite) to extend arrears and recovery workflows while maintaining a single source of truth for balances and status. Technically, SUMMIT implements a three-tier reference architecture: a Client tier (web/branch servicing), an Application tier (Oracle Forms/Reports with business logic in PL/SQL and shared COBOL), and a Persistence tier (Oracle RDBMS schema and secure file zones). MSSs Axway API Gateway / AIS layer exposes certified services (REST/SOAP) with centralised authentication and authorisation, decoupling channels from the core and enabling controlled, auditable integrations.Operationally, SUMMITs Taskmaster driven batch and Exception Monitor minimise manual rework and shorten processing windows, while comprehensive audit trails and statutory packs (e.g., MLAR, ISA Section 17, PSD, Building Society Commission) sustain confidence with regulators and internal audit. The platform scales from tens of thousands to over a million accounts, supports multi-organisation / multi-branch structures, and has repeatedly demonstrated high-volume automation (e.g., rate changes and product switches) that translate into measurable FTE savings. In short, SUMMIT delivers a configurable, compliant, and automation first servicing capability that modernises core operations without sacrificing stability. Institutions adopt SUMMIT to reduce total cost of ownership, elevate straight through processing, stay ahead of regulatory change, and align payments and reconciliations with market expectations.
Highlights
- End to end servicing excellence: One platform for mortgages and savings, from setup to redemption/maturity. with automation, auditability, and statutory reporting built in.
- Scalability: For other 30 years MSS has been successfully powering building societies, and the largest mortgage providers in the UK.
- Open by design: Certified API Gateway/AIS services (REST/SOAP) and native interfaces to BACS, ATM, credit agencies, GL, and PAF deliver secure, decoupled integration across channels.
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Pricing
Pricing is based on the duration and terms of your contract with the vendor. This entitles you to a specified quantity of use for the contract duration. If you choose not to renew or replace your contract before it ends, access to these entitlements will expire.
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Dimension | Cost/12 months |
|---|---|
SBS Core MSS | $100,000.00 |
Dimensions summary
This listing uses a single contract dimension, SBS Core MSS, billed by units. You commit to a set number of units for the contract term rather than paying per hour or by usage. There are no separate tiers, instance sizes, or add-ons to choose from. SBS Core MSS is a digital core servicing product for UK mortgages and savings, covering origination and end-to-end servicing. Because pricing depends on your unit count, the total scales with the quantity you commit to. Contact the vendor to size the units for your institution.
Top-of-mind questions for buyers
The listing bills by units of SBS Core MSS but does not define what a single unit maps to, such as an account, loan, or user. Because the metric is not published, contact the vendor to confirm how units are counted for your mortgage or savings portfolio.
You commit to a fixed number of units for the contract term and pay for that quantity, rather than paying per hour or metering actual usage. This suits continuous core banking operations. The total cost stays tied to the committed unit count for the term.
SBS Core MSS provides digital core servicing for UK mortgages and savings, covering origination and end-to-end servicing plus UK-specific compliance. This contract covers only SBS Core MSS units. Other listed products, such as payments or lending solutions, are separate and not part of this dimension.
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Vendor support
Global 24/7 in house support team, multi lingual. Full training collateral provided and continuous refresher training available without additional cost. Full scope and discovery of the customers current practices are reviewed to ensure optimal configuration of the system. Direct access to an account manager and full visibility of requests and in progress tasks via our ticketing system. For general support queries please contact hello@sbs-software.com .
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