The launch follows on from the release last year of the sourcing engine element only which was designed to be embedded into firms’ own client relationship management systems. Today’s announcement makes TheCore available to individual brokers, networks and clubs as a complete mortgage point of sale solution.
The system has been released to a select group of brokers who had pre-registered but now all brokers can register for a FREE trial via the website.
TheCore includes all of the functionality that mortgage intermediaries demand from a modern system and the software offers an unparalleled level of sourcing accuracy through a combination of online and offline technology with ‘as they happen’ product updates.
Sales functionality is embedded within the system including a fully compliant Fact Find including life and protection recorded and retained against client record, template based document production for ‘reasons why’ letters as well as free type document production along with mail merge, again retained against client record,
Richard Hurst, marketing director at Client Data Systems said:
“This is a very exciting step change in mortgage sourcing as we believe that TheCore introduces a level of accuracy and sophistication never before seen. The main focus when developing TheCore was on the most crucial aspect of mortgage sourcing, the accuracy of the results.
"Our mortgage data capture system uses over 1,700 data fields compared to older, existing systems that use circa 200. Because of this massive increase in the data contained within the system, mortgage sourcing is incredibly accurate and uses four times more data fields when returning results which means results are effectively pre-underwritten against lender criteria.
“We were also well aware that the speed at which systems would update product changes was a frustration for brokers and for some systems only released product updates twice a day. TheCore updates products as they happen and so as soon as our data team are notified of a product change they make this change to the live database.
“Other exciting features include the ability to show the main rate followed by reversionary rate and reversionary cost within the search results. Additionally, the search results will show not only available products but possible products.
"This unique feature enables intermediaries to see the products that their client narrowly avoided qualifying for and potentially what could be done to change this such as increasing the size of the deposit. This type of functionality really gives an intermediary the best possible tools to find the right product for their client.
“We are also working very closely with lenders to ensure product and criteria accuracy and, unlike other systems; CDS does not charge lenders for displaying their products on TheCore mortgage sourcing system.”
