MFS partners with Twenty7Tec to support further expansion

Market Financial Solutions’ (MFS) has partnered with Twenty7Tec, to enable more brokers to access its specialist finance products via the SOURCE module.

Twenty7Tec’s CloudTwenty7 platform helps with the process of searching, applying for and obtaining a mortgage for intermediaries, covering mortgages, bridging finance and secured loans.

Powered by CloudTwenty7, SOURCE is a search engine for mortgage, equity release, secured and bridging loan products.

The engine analyses product, criteria and lender affordability in order to determine the most appropriate product recommendation.

MFS has listed on CloudTwenty7 to support its further expansion, having grown its staff numbers by more than 40% since the start of 2021, while in April it increased its maximum loan amount and loan term, as well as launching a new development exit product.

MFS has also secured three new funding lines this year, which are worth a combined £400m.

Paresh Raja, CEO of MFS, said: “We are delighted to partner with Twenty7Tec and its SOURCE solution via the CloudTwenty7 platform.

"We’ve enjoyed a great 12 months and have grown at pace, but we’re always looking for ways to expand and improve our offering.

“Signing up to SOURCE will ensure more brokers are able to find out about MFS’ industry-leading bridging products.

"What’s more, it will ensure the intermediaries we already work with can access MFS’ loan options through an innovative, easy-to-use tech platform.”

Nathan Reilly, head of lender relationships at Twenty7Tec, added: “At Twenty7Tec we’re committed to making the mortgage research and subsequent submission process as efficient as possible for CloudTwenty7 users.

"A big part of this is regularly adding new lenders, like MFS, to our SOURCE module so advisers can identify the best options for their customers across a comprehensive range of mainstream and specialist lenders.”