Integrated Second Charge Sourcing

Breaking new ground is something we are always striving to do. That’s why we have developed a second charge sourcing functionality within our first charge sourcing systems. It’s a rich and powerful feature, simple and easy to use, and is unlike anything else available on the market right now – and we created it to make your life that little bit easier.

How does it work?
Our sourcing systems have been a powerful tool for businesses for the past thirty years, and they’ve just become even more powerful.

The new functionality gives you the option of sourcing and comparing any first and second charge mortgage products, side by side, on one screen or print out.  It gives you a choice as to whether you want to advise on second charge products and deal directly with the lender, or pass the lead to a Master Broker to progress.

Second charge enhancements are currently being rolled out to existing MortgageBrain Classic users and will be coming soon to MortgageBrain Anywhere – so, if you use that system, then watch this space. The enhancements are included in the software and you don’t have to pay extra to be able to source second charge products in either of our sourcing systems.

What are the benefits?

The main benefit, of course, is that you can source everything within one system. Compare re-mortgage and second charge products on one screen with no need to switch to a different system. We’ve put everything in one place to save you time and hassle.

You can also compare as many products as you like at any one time. To do this, simply check all of the boxes of the schemes required to compare remortgage options, and then move to the second charge tab and select as many products required to compare from this tab.

The reload function is another great time-saver. It allows you to save all your searches for a client and open them at a later date. So, if you need to pause midway through, you can save all your scenarios retaining your filters, and re-visit them later when you’re ready to begin again.

Our multiple tabs function also helps you out allowing the remortgage deals to be retained whilst second charge products are sourced alongside it – which enables you, the broker, to work much more efficiently.

Is there anything else I need to know?

If you’re a little unsure about how our new functionality works, you can book a live demo and join our weekly webinars. They are held on Tuesdays at 10.00-10.15am BST, and they take you through everything you need to know about this powerful tool for your business.

For those who want to see what we’re all about, you can begin a 30-day free trial of Mortgage Brain Classic to experience first-hand just how much easier we’ve made it to source mortgages for your clients.

Give us a call on 0208 665 3289, or email sales@mortgage-brain.co.uk one of the team who will be happy to help you begin your Mortgage Brain journey. You can also check out our hints and tips for MortgageBrain Classic, too.

A History of Mortgage Brain

We recently celebrated a milestone here at Mortgage Brain as we turned thirty years old. We’d like to think that we’ve aged gracefully, and made the most of our time since 1986, offering our customers the best products possible – and service with a smile.

Where did we come from?

Set up by Peter Nice, Mike Green and Barry Louvel back in the eighties, Mortgage Brain came from humble origins.

Peter built a small sourcing system for his wife, an estate agent, and Mortgage Brain was born. We offered the first sourcing system in the UK mortgage market available to all brokers, and thus started the thriving industry we know today.

Initially, product data and software updates were distributed via disk – sent in the post! It wasn’t all online, automatic and up to the minute as it is today.

Then it all changed…

As Mortgage Brain grew, the three founders decided to sell the company in 2001 to a consortium of lenders and Nationwide, Halifax (now Lloyds Banking Group) and Alliance & Leicester (now Santander) bought the business for £4.8m.

RBS, Northern Rock (now Virgin Money) and Barclays came on board a little later in December 2001, when the turnover was £2M and we had only one product channel – mortgage sourcing.

In an era of paper applications, the lenders who now owned Mortgage Brain were keen to make changes in the market. So, they brought in our CEO, Mark Lofthouse, to develop a trading platform that allowed mortgage applications to be completed, submitted and processed electronically.

Enter Mortgage Trading Exchange, which arrived in 2003, and has gone on to become the largest single delivery channel for mortgage placement in the industry. Today, more than 20% of all mortgage applications from brokers are processed via the platform.

Making waves

Three years later, we bought the Key, a point of sale system. At this time, the system was in its fledgling state following the introduction of MDay. Significant investment and development has led to the Key becoming the most widely used CRM system available with thousands of advisers relying on it to support their businesses on a daily basis.

A History of Mortgage Brain

There is no stopping for us

We then upped our game even further, launching MortgageBrain B2C in 2010, offering the industry’s first app, UKMortgages in 2012, and, a year later, bringing another industry first, iSourceMortgages, an iPad-based sourcing system to the table. To follow shortly in 2014 was MortgageBrain Anywhere, our online sourcing system developed as a solution to the growing demand for flexibility and ability to use multiple devices, and at the same time Mortgage Brain’s original desktop sourcing product was renamed MortgageBrain Classic.

More recently in 2015 we ventured into conveyancing sourcing with a case tracking portal with the launch of ConveyancingBrain – soon after followed by LoansBrain in 2016. The latter is a second charge sourcing website that remains freely available to all, and now in 2017, we have also integrated that functionality into our first charge sourcing systems.

Product accuracy and product data turnaround have always been crucially important to us, and today we continue to lead the field, with 90% of all product data requests from lenders being up and live on our sourcing systems within four hours, and 100% within eight hours. We also continue to adapt and enhance our products to ensure that they offer the latest in technology and support all the latest regulations – we never stand still!

 Ahead of the pack

We have consistently delivered specialist technology solutions ahead of our competitors since we began, and each year invest approximately 40% of our turnover into product development to ensure that you continually get the most out of our systems.

Our employees remain our best asset and the customer services team are on hand to support your queries or answer your question. We also are the only technology company to add an online chat facility to our website to help those who don’t want to pick up the phone. Plus our extensive library of resources to support our products with numerous videos and guides remains the best in our view.

We are very proud of who we are and what we have achieved.

Celebration time…

To celebrate our successful thirty years in business, we held a party in London at the end of April to raise money for a number of charities actively supported either through fundraising or volunteering by one or more of our Mortgage Brain colleagues.

The charities were Alzheimer’s Society, Birmingham Christmas Shelter, Contact the Elderly and Shooting Star Chase a leading children’s hospice charity. So far, we have raised a fantastic £50,245 for our incredible charities.

Here’s to another thirty years – and thirty more after that!