The combined sourcing system utilises MortgageSource, Twenty7Tec’s mortgage sourcing system, and LoanSource, the company’s secured lending system, to deliver a detailed analysis of appropriate secured lending options for every client.
The system provides a detailed comparison of mortgage versus secured lending options, helping ensure networks, packagers and directly authorised firms comply with the recommendations contained within the forthcoming Mortgage Credit Directive, due to be implemented in March 2016.
The system is already being used by specialist distributors such as Brightstar Financial, Complete FS, and Crystal Specialist Finance among others, whilst a number of intermediary networks are presently looking to integrate the new platform into their own systems and processes.
Brightstar Financial's new ‘easysource.co.uk’ platform, Easysource.co.uk, will use both MortgageSource and LoanSource systems.
Easysource.co.uk will be available exclusively for intermediaries using Brightstar. Available for products across Brightstar’s four key divisions, intermediaries will be able to search for products across specialist residential and buy-to-let, second charge loans, bridging loans and commercial finance.
James Tucker, Managing Director of Twenty7Tec, commented:
“The launch of this system is further evidence of our commitment to leading the way in delivering cutting edge technology solutions to the financial services industry. Regulatory change driven by MMR and the MCD is fundamentally altering the way that both intermediaries and lenders operate, and we are an excellent partner to help these organisations use technology to maximise opportunity.
"We have been privileged to work with some of the top intermediary and specialist distribution firms in the country in developing this platform, and I would like to take this opportunity to thank them, and our lender partners, for their continued support.”
