The distribution of Version 6 commenced in July and many Introducers are now utilising the enhanced solution well in advance of Mortgage Day. Version 6 has been specifically designed to help mortgage introducers succeed within a regulated environment, and supports a range of compliance requirements.
The key benefits include;
· Comprehensive compliance documentation including Initial Disclosure Document (IDD), Factfind, client checklist, customer declaration and reasons for recommendation letter
· Mortgage product information verified by over 40 lenders
· Access to over 14,000 mortgage products
· KFI’s within FSA tolerance levels
· KFI’s checking - Mortgage Brain checks its KFIs against those produced by lenders
· Comprehensive audit trail
· Electronic document storage archive
· Seamless integration with the Mortgage Trading Exchange
Commenting on the roll out of Version 6, Mark Lofthouse, CEO, Mortgage Brain said, “Version 6 is already a hit with mortgage introducers, and I’m confident that the services it provides, and the lengths we have gone in order to make it the most comprehensive and accurate solution available will mean that introducers can rely on it for years to come. For example, Mortgage Brain is going the extra miles to provide accurate KFIs, and by clearly indicating which product details have been verified by lenders and where KFIs have been checked, we offer unrivaled levels of certainty and confidence to introducers.”
Mark Lofthouse added, “It’s also important to recognise that being compliant after Mortgage Day isn’t just about producing accurate KFIs, but is about following a fully compliant process. This includes essential documentation like IDDs, factfinds, reasons for recommendation letters together with document archiving and a comprehensive audit trail.”
