ConveyancingBrain

Introducing ConveyancingBrain – the efficient and smart way for mortgage brokers to earn money from conveyancing!

The market has changed dramatically over the past few years, with 2014 research conducted by YouGov showing that 4 out of 10 customers want access to conveyancing services online.
That’s one of the many reasons why we decided to create ConveyancingBrain; a customer-focused system offered solely for mortgage brokers. It helps customers find a solicitor, that your recommended lender accepts, and who also offers good value for money.

Why conveyancing?
It is proven that the shorter the transaction time, the more likely a property purchase – and therefore a mortgage application – will go through. ConveyancingBrain is an efficient, safe and trusted system that allows for a swift process from beginning to end.
The system is available free of charge, and features a simple registration process offering instant access to conveyancing quotes and ongoing cases.

How does it work?

You can register as a new user on the website in a matter of minutes and begin straight away. You only need to log in once, and you then remain signed in, and can use your account to carry out a variety of different actions, including:
– Generating quotes
– Viewing and saving quotes
– Accessing case progress reports
– Setting default referral fees
– Adding and amending account and bank details
– Viewing all the solicitors on our panel
– Viewing your payment history
– Viewing all messages sent to and received from your clients.

Your customers are able to choose a solicitor according to geography, price and customer satisfaction results. All our solicitors hold Conveyancing Quality Scheme (CQS) accreditations, as well as all being tailored to lender panels.

What are the benefits?
You can earn up to £300 per case, with ten cases a month at a referral fee of £150 each earning you £18,000 a year. The broker fees are also paid directly to you, and you can alter your referral fees on a case-by-case basis.

We offer constant support with any questions and queries you may have, both online and over the phone. In addition, we run free ten-minute webinar sessions every Friday to learn more about how to earn from conveyancing.

You also get a free ConveyancingBrain plug-in for your website in order for you to attract more customers. The plug-in is designed to allow potential clients to obtain quotes, and instruct a conveyancer directly without any intervention from you.

Why ConveyancingBrain?
During the first few months of its general release, over 500 brokers and financial advisors signed up to ConveyancingBrain and began to reap its benefits.

Around 50 brokers per week are now signing up to the new system, which offers brokers a safe and trusted process by which they can earn additional income in a safe, secure and effective way.

For more information about ConveyancingBrain, and to register and begin earning money today, please visit our website at www.conveyancingbrain.co.uk.

Alternatively, you can contact us directly by calling 0371 200 0655 or by emailing info@conveyancingbrain.co.uk.

Mortgage Brain and MCD

Mortgage Brain and MCD

It goes without saying that the new Mortgage Credit Directive (MCD) rules have caused yet another shake up in the mortgage industry, coming into force on 21st March 2016. Ultimately, it means changes to the familiar KFI, and BTL products etc. and also massive change for Advisers as Second Charge mortgages become regulated and part of the advisory process.

We’ve spent many months since the original announcements, working with Lenders and pouring over the Financial Conduct Authority (FCA) commentary and documentation to ensure that Mortgage Brain systems can accommodate all the new requirements of MCD for both Lenders and Advisers alike.

We are yet again one step ahead of our competitors; having adjusted, enhanced and enriched our systems well before March 21st. Our main focus continues to be to support all our customers with any required changes to any element of the sales process whether due to regulation or improved usability or functionality.

So how has Mortgage Brain enhanced their systems?

Mortgage Brain’s market leading mortgage sourcing systems, MortgageBrain Classic and MortgageBrain Anywhere, feature a number of new enhancements and capabilities that fulfill regulatory changes for both our customers and Lenders.

Our sourcing systems now offer Advisers the choice to produce either the new ESIS illustration as required by the MCD European Directive or the updated new KFI documentation for each mortgage product. Elect to receive either an ESIS, KFI or simply the documents (ESIS or new KFI) required by the Lender, in your settings and the default illustration will be shown on the screen for all sourced products. Other enhancements include filters for Foreign Currency mortgages, Consumer BTL products, re-mortgage registration fees and a historic Annual Percentage Rate Charge (APRC) capability.

For a full understanding of the MCD changes to our products, please visit the website www.mortgage-brain.co.uk and go the Help and Support section.

What else have Mortgage Brain done?

We have also launched a free second charge loan sourcing system called LoansBrain www.loansbrain.co.uk. It is a new, whole-of-market, secured loan-sourcing website, that is FREE. It enables Advisers to source a range of products from the UKs leading secured loan Lenders and either forward the client’s details direct to a Master Broker or simply refer.

To further help Advisers to manage all aspects of their mortgage advice, sales and compliance process in light of MCD, MortgageBrain has also enhanced its point-of-sale, compliance and CRM system, the Key.

What does Mortgage Brain have to say about all this?

Mark Lofthouse, CEO of Mortgage Brain, comments, “The roll-out programme for our new MCD ready systems has been underway for some time now and we’re delighted that all our systems are ready and available in advance of the implementation of the Mortgage Credit Directive. The new enhancements we’ve made to our sourcing and point-of-sale systems are a result of our continuous investment programme and further demonstrate our commitment to delivering the best technology for brokers.”

What’s the bottom line?

It’s safe to say that, we continue to enhance and develop our systems to ensure that we offer all our customers the very best in mortgage technology solutions!

LoansBrain

Introducing LoansBrain www.loansbrain.co.uk – the clever and free way to source a second charge loan.

The deadline for MCD is fast approaching and everyone is talking about how it will affect them! From 21st March, secured loans will become regulated in accordance with the European Directive by the Financial Conduct Authority (FCA).

We are delighted to announce the launch of LoansBrain, www.loansbrain.co.uk our whole of market second charge sourcing website created solely for mortgage brokers. It enables mortgage brokers to source a range of products from a whole of market range of secured loan Lenders. Brokers can either source a secured loan themselves and then refer to a Master Broker or simply refer. The Master Broker behind LoansBrain is Fluent Money – the UK’s largest second charge Master Broker and winner of the Loan Talk Awards 2015 for Largest Loan Broker. Get to grips with the system by booking a free 10 minute webinar here.

Why a Secured Loan?

A client may want to opt for a secured loan to keep a long-term low rate, because they only require the loan for a short period or because their circumstances have changed and remortgage is no longer an option. When:

  • Your client is already on a competitive mortgage rate
  • Your client is tied into their mortgage with heavy redemption penalties
  • Your client has an interest only mortgage
  • Your client needs a larger sum over a longer term to bring the monthly cost down
  • Your client needs funds quickly with no upfront fees to pay
  • Your client’s credit status has changed since their last mortgage application
  • Your client needs early settlement flexibility
  • Your client needs to raise capital for a non-traditional purpose
  • Your client is unable to obtain a re-mortgage or further advance
  • Soft credit searches at quotation stage is important

Why LoansBrain?

LoansBrain gives brokers a way to compliantly source Whole of Market second charge loans online. It is completely free to use and there is no need to register. If you’d like to know more about LoansBrain or would like to join one of the free webinar sessions, visit the website at www.loansbrain.co.uk

For a comprehensive understanding of MCD and how it is affecting Mortgage Sourcing generally please see our MCD designated page.