Mortgage 2000 launches new sourcing system encore

In addition, the Mortgage Trading Exchange (MTE) has gone live on Encore so intermediaries can now, for the first time ever, benefit from the full facilities of the MTE and trade electronically with 38 lenders.

One of the key features of the new system is the integration of the MTE now live on the sourcing system. The MTE will provide the electronic connection between mortgage brokers and lenders, allowing the secure and fast transmission of mortgage applications, speeding up the traditional dispatch and application process.

The MTE will provide the following benefits:

It will interact with the modules held within the Mortgage 2000 Encore software. All lender application forms held within the MTE will be pre-populated with all relevant client information directly from Encore.

The MTE application uses intelligent technology which is safe and secure and ensures that the application is fully complete before it can be sent. In addition, the platform can be accessed by using a single password.

Sean Hornsby, Sales and Marketing Director, Mortgage 2000 commented: “We are really pleased to be able to offer our subscribers Encore, our new sourcing system. We strive to offer intermediaries greater access, ease and efficiency. Encore, with its full MTE integration, will allow our subscribers to trade electronically with 38 lenders.”

In addition to the benefits the integration of the MTE brings to Encore, some of the other new key features of Mortgage 2000’s new sourcing system include:

A facility to e-mail clients with mortgage related documents and quotations

A “Recall Client” database which stores all clients’ details, including a “next action/diary facility”, which can be backed up.

A new general insurance provider “The Source” for buildings & contents insurance and MPPI.

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Fast and accurate “True Cost Analysis” – to show clients the most cost-effective products available to them, with the ability to compare up to 10 schemes.

A “Fact Find” based upon the current MCCB guidelines.

Up-to-date Mortgage Code compliant literature including Reasons Why letters (PCL), Terms of Business and Mortgage Quotations which can be tailored to your own individual requirements.

In conjunction with m2-d&p, provides case tracking and updates covering the mortgage process from start to finish.

Sean Hornsby continued: “This is just the first phase of what we will offer our current and new subscribers on our new sourcing system – we hope to announce more exciting features over the next few months. With more lenders coming on board our subscribers will soon be able to trade electronically with over 70% of the mortgage market.”

Mortgage 2000 mortgage sourcing software includes details of all products from every UK lender at a cost of £23 a month. Mortgage 2000 currently has 7,500 subscribers and an estimated 10,000 + users.