In a move that will help save advisers valuable time, network members will be able to produce Key Facts Illustrations (KFIs) solely from Sesame’s customised versions of Mortgage Brain and Trigold, avoiding the need to obtain separate KFIs from lenders to confirm their accuracy.
Advisers can choose between the two mortgage sourcing systems, which will be provided free of charge by Sesame until 31 October 2005. As part of the comprehensive package of support available to advisers, both companies will be offering training seminars on using their applications.
Advisers will also be able to obtain mortgage protection and general insurance quotations via links to Assureweb, the no fee internet-based portal, along with Paymentshield, CETA and Sesame General Insurance Services. A key benefit is that client data already entered in Mortgage Brain or Trigold can be re-used by pre-population of this data into third party quotation systems.
Commenting, Andy Young, Product Manager, Mortgages says:
“Our strategy is built around choice and flexibility and we believe our approach to mortgage sourcing will enable advisers to tailor the service to their requirements. When we were looking at software applications to support our members post-regulation, one of the key selection criteria was a commitment from third parties to provide quality training and support in the use of the systems. Both Mortgage Brain and Trigold have an established track record and the ability to deliver robust data to the highest standards in the industry. Advisers can be confident in the quality and accuracy of the data they receive, making the sales process easier and enabling them to spend more time on their clients’ needs rather than on paperwork.”
Mark Lofthouse, Mortgage Brain’s CEO comments:
“Mortgage Brain is absolutely committed to providing KFIs within the stated 1% tolerance level, to Sesame Members and our 20,000 customers. We were the first mortgage sourcing software company to demonstrate this crucial capability in March this year. Mortgage introducers can be sure that we are going extra miles to deliver the most comprehensive compliance solution in preparation for Mortgage Day on 31st October 2004.”
Bill Safran, Joint Managing Director, Trigold says:
"This announcement from Sesame is a firm endorsement of the close working relationship between Trigold and Sesame and demonstrates our shared commitment to supporting the needs of intermediaries. As part of our new FSA compliant Prospector AAA software we are introducing a series of processes and procedures for lender verification of product data. We believe that this offers the high level of security and confidence required by the mortgage market. With this announcement, Sesame network members are in great shape to tackle regulation and all the challenges that it brings."
Advisers who would like further information should call 0845 122 1515 or visit www.sesame.co.uk
