The system’s buy-to-let sourcing is also being updated in line with Prudential Regulation Authority regulations, while iPipeline’s LifeGenie product is being integrated to produce indicative life quotes.
Twenty7Tec has enhanced its MortgageSource system – enabling brokers to compare further advances and ported products with purchase, remortgage or second charge lending options.
The system’s buy-to-let sourcing is also being updated in line with Prudential Regulation Authority regulations, while iPipeline’s LifeGenie product is being integrated to produce indicative life quotes.
Phil Bailey, strategy director of Twenty7Tec, said: “This is the first time a sourcing system has been capable of looking at a remortgage, further advance and a secured loan, all from the same results screen and backed up with our compliant Evidence of Research document.
“Combine that with the ability to show ported products with the existing lender, and you as a broker have shown a level of compliance from a sourcing system that has never been achievable before.
“Brokers expect technology to keep up. What we have shown with this series of system enhancements, is that we listen to our users and can adapt quickly to their needs and the demands of this industry.”
