The platform focuses on non-conforming products and will launch on the first day of Mortgage Business Expo London - 14 November.
Building on its EDGE system with nearly 4,500 registered users, EDGE V2 is built on a .Net2 platform. This makes it faster and more accurate than its predecessor, with in-built lender affordability calculators, verified KFIs and binding DIP’s as well as full end-to-end integration with many lenders at launch.
Michael Clapper, Group CEO, said: "We are extremely proud of EDGE and all that achieved for us and for the market, and we have no doubt that V2 will now revolutionise the way sub-prime business is sourced and transacted in the UK. We see no better place than the Mortgage Business EXPO to launch it to the professional mortgage market.
“Our decision several years ago to focus on safe sub-prime sourcing for the broker market in the face of increased regulatory pressure has been fully vindicated, and in an increasingly technologically savvy market we are excited at the possibilities that V2 of EDGE will bring to the market."
