The sales and processing operation will adopt Mortgage Brain's complete package of point-of-sale, mortgage sourcing and electronic trading solutions technology.
The business management and compliance system - 'The Key' - will thus give Mortgages By Phone’s advisers the necessary tools to effectively conduct all aspects of the mortgage sales and compliance process including IDD, Fact Finds, needs analysis, integration with mortgage sourcing and electronic trading plus business management, commission reconciliation and reporting.
‘Premier Edition’, Mortgage Brain’s flagship sourcing system, will then enable Mortgages By Phone’s advisers to select the best products to meet their clients’ needs from over 32,000 mortgages available.
Benefitting from full integration to the Mortgage Trading Exchange (mte), its advisers will finally be able to electronically complete and submit Full Applications, and for AIPs, receive a decision in under a minute from lenders accounting for circa 70 per cent of all mortgages sold.
Charles Haresnape, managing director at Mortgages By Phone, commented: “Our prime objective is to make the job of choosing a mortgage as simple as possible for our customers; whatever type of mortgage they are looking for.
“By offering our advisers access to The Key, Mortgage Brain Premier Edition and the mte, we are confident that the capabilities and the level of service they offer will exceed customer expectations through the provision of the latest technology solutions and extensive market knowledge.”
Mark Lofthouse, Mortgage Brain’s CEO, added: “We are obviously delighted that Mortgages By Phone has chosen our systems. By using the most comprehensive point of sale and sourcing system available, and the industry’s only true common trading platform, its advisers have the certainty and confidence of advising and completing mortgage applications that will exceed customer expectations. We look forward to a long and productive working partnership.”
