Mortgage Brain’s compliance solution was key in Personal Touch Finance’s decision to offer the market leading mortgage sourcing, electronic trading and compliance software solutions to its 1,200 network members.
This decision was primarily driven by the breadth of Mortgage Brain’s compliance solution, which encompasses electronic connectivity with lenders; proactive product verification from lenders accounting for 65% of mortgage lending in UK; financial stability and long term reliability; comprehensive document archiving capability; and finally comprehensive point of sale information, including penny accurate KFIs available directly from supporting lenders.
Personal Touch has opted to roll out Mortgage Brain to a pilot group of users initially, with full availability scheduled for early summer, in time for ‘Mortgage Day’ later this year. Mark Lofthouse, CEO Mortgage Brain welcomes this decision: “Not only will Personal Touch members be able to trade electronically with lenders who account for over 80% of the UK mortgage lending market, but they can be sure that Mortgage Brain are going extra miles to ensure that the compliance solution we offer will give them all of the answers they need. Personal Touch is a well respected organisation that we are looking forward to working with and are confident that this partnership will contribute to their success in a regulated market.”
Mike Allison, Managing Director of Personal Touch, comments: “Personal Touch is fast becoming one of the most recognised brands in the IFA market and we only offer our members the best possible solutions for their business. Mortgage Brain offers an excellent compliance solution, which will further strengthen our fees free proposition to intermediaries who become members of the PTI Network. The breadth of this proposition is now second to none.”
Mortgage Brain recently demonstrateditsKey Facts Illustration (KFI) using actual product information from the 9,000 schemes supported, to some of the UK’s major corporate mortgage clubs, networks and introducers, including Bradford and Bingley Charcol, Norwich Union, Mortgage Intelligence, Friends Provident, Sesame, Mortgage Next and Pink Home Loans.
