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Twenty7Tec enhances system to compare further advances to seconds
Twenty7Tec has announced it has upgraded its MortgageSource system to compare further advances and ported products to purchase, remortgage or second charge loan options.
The technology solutions provider explained that the enhancement will enable brokers to quickly identify which option is best suited to their client’s needs.
The system also produces a full audit trail showing the comparison of the different lending options and the product which was selected.
“This is the first time a sourcing system has been capable of looking at a remortgage, further advance and a secured loan, all from the same results screen and backed up with our compliant evidence of research document,” said Phil Bailey, strategy director of Twenty7Tec.
“Combine that with the ability to show ported products with the existing lender, and you, as a broker, have shown a level of compliance from a sourcing system that has never been achievable before.”
MortgageSource is set to receive further enhancements towards the end of the month, such as updated buy-to-let sourcing in line with the newly implemented Prudential Regulation Authority guidance, and the integration of iPipeline’s LifeGenie product.
“Brokers expect technology to keep up,” added Phil.
“What we have shown with this series of system enhancements is that we listen to our users and can adapt quickly to their needs and the demands of this industry.”
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