eSource, which can be accessed on any operating system or device, is being rolled out immediately, with users able to register for the system via a dedicated portal.
The free-to-use system, which has been developed by Twenty7Tec, delivers whole-of-market searches for the three product types, enabling brokers to produce an immediate comparison of available mortgages versus secured lending options, which ensures compliance with March 2016’s Mortgage Credit Directive.
All results are submitted to the Crystal Specialist Finance to process and take to the lender, ensuring that the personal approach with the business is maintained while knowing the customer is secured.
The Tamworth-based, independent packager previously operated under the name Crystal Mortgages, but rebranded in April to highlight its whole-of-market offering by creating five core divisions: Mortgages, Bridging, Commercial, Development Funding and Second Charges.
Jo Breeden, Managing Director, said:
“We are always looking at ways of improving our service offering, and technology will doubtless become a key driving force in the brokering industry as it did in the consumer market, as shown in the residential and insurance sectors.
“With the launch of eSource we are looking to make this seemingly difficult market open and accessible. We are delighted to be working with Twenty7Tec and the team as they understand the sector, and more importantly how technology can be a true value-added tool with immediate commercial benefits.”
James Tucker, Managing Director of Twenty7Tec, added:
“We are excited to have the opportunity to work with such a dynamic and rapidly growing organisation as Crystal, who absolutely understood from the outset the benefits that great technology can bring to their business.”
