The Mortgage Alliance (TMA), the Scottish Mutual and Scottish Provident Mortgage Club, has launched a customised version of Trigold – the independent trading platform, which offers intermediaries a suite of mortgage point-of-sale and processing solutions. Currently 3000 members benefit from the services of TMA, which processes mortgages to the value of £250 million each month.
“With tighter mortgage regulations on the horizon, the introduction of Trigold to our members will assist them during a potentially difficult transition period,” explained Mark Evans, National Mortgage Manager. “By using the system, intermediaries can source mortgages from the whole market which are updated daily, complete lender application forms and apply on-line to a growing lender base. More importantly the system also contains MCCB compliant documentation which makes it easier for intermediaries to take account of any new regulation when it is finalised.”
The distribution of Trigold is the next stage in the development of TMA, which was first established by Scottish Mutual in March 2000 as part of a campaign to develop strong and sustainable relationships with intermediaries through added value services. It allows intermediaries to place mortgages with lending partners and receive introducer fees and exclusive products negotiated by Scottish Mutual and Scottish Provident.
