Software firm Mortgage Brain has launched a fully integrated second-charge mortgage sourcing capability into its first-charge sourcing systems.
The new functionality, which is available on the Mortgage Brain Classic sourcing system, enables advisers to compare appropriate first and second-charge mortgage products side-by-side, on one screen or one print out.
It has been designed to allow advisers to choose whether they want to advise on second-charge products and deal directly with the lender or pass the lead to a professional master broker to progress.
Mark Lofthouse, chief executive of Mortgage Brain, said: “The rise in popularity of second-charge mortgage products continues and by integrating secured loan sourcing into our mainstream first-charge sourcing systems, we’ve made it as easy as possible for advisers to consider second charge lending when discussing options with their clients.
“The second charge sourcing option, for example, is accessed from the main sourcing screen and is included when the remortgage search option is selected.
“This is a really useful prompt - right at the start of the mortgage search and selection process - for advisers to discuss second-charge options with their clients.”
The new second-charge sourcing system is being rolled-out now to Mortgage Brain Classic customers and will be extended to Mortgage Brain Anywhere users mid-2017.
simon.allin@ft.com
