With your iPad you have easy access to iSourceMortgages

iSourceMortgages provides you with sourcing capabilities during the initial stage of the point-of-sale process on your iPad, ensuring access on the move. In addition to mortgage search and selection functionality, you can store details on your prospects and you can access useful calculators, graphing and analysis tools.

It costs you nothing to download iSourceMortgages on to your iPad and trial it for 30 days, after which, there will be a monthly subscription of £10.00 plus VAT.

Download iSourceMortgages on your iPad here

Rate Shock analysis capability available on ALL NEW MortgageBrain

Mortgage Brain, the multi-award winning mortgage technology solutions provider, has developed and launched a unique Rate Shock analysis capability to enable brokers to instantly identify the effect of rate increases.

The new development is in line with the FCA’s MMR affordability guidelines, encompassing the potential ‘1% rate rise effect’ scenario, and sees Mortgage Brain become the first sourcing system provider to offer this service.

Available on the latest version of ALL NEW MortgageBrain, the new Rate Shock analysis capability features a warning triangle to indicate that the borrower may not be able to afford a mortgage if rates rise by up to 3% in the next five years for every selected mortgage product

Click here to read more.

12 things you may not know about mortgage sourcing

Sourcing systems have changed beyond recognition since Peter Nice built the first one in 1986. But are brokers using these systems to their full potential? Mark Lofthouse, CEO of multi-award winning mortgage technology solutions provider Mortgage Brain, has his doubts, so here are his top 12 things brokers might not know about mortgage sourcing.

1 – You can use multiple tabs to illustrate different client scenarios

Clients want to understand their options and after looking at A, B and C they’ll go back to A again. Using a single tab makes that time consuming and confusing. Using the multiple tab option, which are featured on the newest sourcing systems available, however, allows you to both illustrate the different requirements and retain them.

2 – Client searches can be saved and reloaded

Carrying out research for a client is essential. But it all needs recording and storing. The latest mortgage sourcing systems are capable of saving every different scenario and allow you to reload your searches at a later date.

3 – Excluded products can be displayed

Sometimes a product which you think perfectly matches a client’s criteria isn’t displayed in the results. Today’s systems will display both matching and non-matching products so you can see the reasons for exclusion.

 4 – Best buy schemes can be personalised

Clients will often ask you about a ‘best buy’ product they have seen advertised. At the touch of button,  your sourcing system should allow you to tailor the search results to display all the best buy products to meet a client’s requirements.

5 – ‘Standard’ searches can be stored and applied to your client’s terms

Intelligent sourcing systems save time by allowing you to store a number of searches which can be applied to every client with those needs.

6 – Data from other systems can be automatically imported

These days,  systems have improved so much that they can now import information quickly and seamlessly. There’s no reason why you should have to start from scratch and re-key client data.

7 – Overseas mortgages can be sourced just as easily as those from the UK

Simply select the ‘overseas’ filter – your system should have one – and a list of countries will appear. Choose the one you need and the rest of the process is as if sourcing for a UK mortgage.

8 – You can source or produce KFIs for withdrawn products

If a product has been withdrawn, today’s systems allow you to easily find it by using the ‘withdrawn’ filter.

9 – Products and schemes can be manually removed

Sourcing systems should allow you to remove products manually by adding your own exclusion options.

10 – You can source for adverse mortgages

Sourcing systems now provide you with a range of adverse products through the adverse filters option. These filters should help gain and retain clients.

11 – Applying BTL filters can speed up the sourcing process

Today’s sourcing systems allow you to select the BTL filter right at the start, which speeds up the process immensely. Other filters can be applied in the normal way.

12 – The effects of changing mortgage payments can be displayed and illustrated to your clients

A graphing function  is offered by many of today’s systems  which is an excellent visual way of demonstrating the short and long term impact of making such a change.

It’s competition time with iSourceMortgages…

It’s competition time with iSourceMortgages…

Win £150 worth of Amazon vouchers between the 1st February and 31st March 2014 by trialling iSourceMortgages to be in with a chance of winning.*

iSourceMortgages is the only sourcing iPad app specifically for intermediaries. Offering you access whilst on the move, iSourceMortgages is designed by Mortgage Brain to provide sourcing capabilities for you on your iPad during the initial stage of the point-of-sale process.

Download iSourceMortgages on your iPad here.

*Terms & Conditions apply, click here for details.

Three in a row for Mortgage Brain CEO

Mark Lofthouse, CEO of Mortgage Brain, the market leading mortgage technology solutions provider, has been named as the ‘Technology Advocate of the Year’ for the third year in a row at the recent British Mortgage Awards.

The national awards, judged by a panel of industry experts, are designed to reward individual excellence in the mortgage industry.  The ‘Technology Advocate’ accolade recognises somebody who has championed the development, integration and use of technology for the UK mortgage market, and in turn, the end consumer.

Click here to view the full article.

Mortgage Brain creates link with Keystone

Mortgage Brain, the multi-award winning mortgage technology solutions provider, has joined forces with Marketing and Management Services Ltd (MMS) to give intermediaries access to MMS’ Keystone Lifestyle Protection products.

Intermediaries using Mortgage Brain’s sourcing systems, or the Key, its market leading CRM, point-of-sale and compliance solutions, can now link straight through to MMS for client quotes on all of its ASU products.

Keystone, launched in 2009, is an income replacement policy covering Accident, Sickness and Unemployment and is distributed throughout the UK by independent brokers and financial advisers. The policy has achieved a Defaqto 5 Star rating for 2010, 2011 and 2012, and offers new opportunities for brokers looking to increase income through ancillary sales opportunities.

Click here to view the full article.

Lighthouse switches on to ALL NEW MortgageBrain

Lighthouse Group plc, one of the largest financial groups in the UK, has become the latest in a long line of companies to promote Mortgage Brain’s innovative ALL NEW MortgageBrain sourcing system as its preferred sourcing solution for its advisers.

The industry’s newest and most comprehensive sourcing system will now be used by Lighthouse’s nationwide network of mortgage advisers to conduct a quick and thorough, whole-of-market mortgage search and selection process for their clients.

Stephen Gazard, Managing Director, at Lighthouse, comments, “Mortgage Brain’s reputation for providing market leading technology solutions is second to none and we’re delighted to be promoting its new sourcing system to our advisers.

“The ability to conduct around 90% of the mortgage search process from one screen makes the product selection process via ALL NEW MortgageBrain incredibly fast and its multiple client sourcing facility is proving to be hugely popular with intermediaries.”

Over the past few months a host of networks, mortgage clubs, affinity groups and hundreds of individual brokers have selected ALL NEW MortgageBrain as their preferred technology, contributing to the systems rapid growth and increasing market share.

Mark Lofthouse, Mortgage Brain’s CEO, adds, “Mortgage Brain has always been considered as the leading provider of comprehensive software solutions and the widespread adoption and acclaim that ALL NEW MortgageBrain has received has really helped to cement this position.

“We’re delighted to be working with Lighthouse; the company is well respected in the industry with a strong base of mortgage advisers and its endorsement of our technology and support solutions is extremely welcome and a clear reflection of our products’ market leading features and capabilities.”

Join the Mortgage Brain Linkedin group… click here

Sesame agrees long term deal with Mortgage Brain

Sesame Bankhall Group, the UK’s leading network and support services provider for professional advisers, has selected ALL NEW MortgageBrain sourcing and the Key point of sale system as its preferred technology solution for its mortgage and GI Appointed Representative (AR) Network members in a new five year agreement.

ALL NEW MortgageBrain, the industry’s most innovative and comprehensive sourcing system, will be provided by Sesame for its mortgage ARs to conduct a quick and thorough whole-of-market mortgage search and selection process for their clients.

Click here to view the full article.

Join the Mortgage Brain Linkedin group… click here

NewBuy Guarantee filter available on ALL NEW MortgageBrain

Mortgage Brain, the industry’s most widely used and preferred mortgage technology solutions provider, has developed and launched a NewBuy Guarantee scheme filter to enable brokers to instantly identify mortgages from lenders that have recently brought out specific NewBuy products.

The development is in line with the Government’s recently announced ‘NewBuy’ initiative, where first time buyers need only a 5% deposit rather than the expected 20% for all new build properties, and sees Mortgage Brain become the first sourcing system provider to offer this service just days after the Government’s announcement.

Available on all versions of ALL NEW MortgageBrain, the NewBuy product search facility currently applies to a number of UK lenders including NatWest, Nationwide and shortly Barclays with more expected to come on stream in due course.

Click here to view the full article.

Join the Mortgage Brain Linkedin group… click here

Mortgage Brain completes MortgageStream Acquisition

Mortgage Brain, the market leading mortgage technology solutions provider, has announced today that it has completed the acquisition of point-of-sale and case management system provider, MortgageStream.

The acquisition, first announced at the beginning of December 2011, means that MortgageStream’s customers will now have direct access to multiple product channels including mortgage sourcing, e-trading, website provision plus a wide range of business partners offering cross sales opportunities.

The deal, completed for an undisclosed sum, means that 13.4% of authorised UK mortgage firms will now be using either the Key, Mortgage Brain’s flagship point-of-sale, CRM and compliance system or MortgageStream.

Click here to view the full article.

Join the Mortgage Brain Linkedin group… click here