Financial Reporter Awards 2014 ‘Best Sourcing System’ winner.

We won! Financial Reporter Awards 2014 announced today that Mortgage Brain has won ‘Best Sourcing System’.

We would like to say a huge thank you to everyone who voted for us. The Financial Reporter Awards 2014 winners are purely from votes, no judges.

Suzanne Green, Head of Marketing at Mortgage Brain commented, “We’re pleased to win the Financial Reporter Awards 2014 as ‘Best Sourcing System’, our team work hard to continuously deliver to a high standard. Thank you to everyone who voted for us.”

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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.

UKmortgages App now available on iPhone, iPad and Android devices

  • The UKs most comprehensive mortgage search application
  • Over 13,000 consumer downloads and used over 50,000 times since its launch in April
  • Mortgage calculator run over 70,000 times
  • Over 26,000 product searches conducted with over 750 ‘real leads’ delivered to mortgage brokers

UKmortgages, the UK’s most comprehensive mortgage search app, which allows consumers to search the UK mortgage market for a mortgage, compare products, and ‘find a broker’ to help them with the application process, is now available on the iPad and Android devices.

The app, initially launched on the iPhone in April, and available free-of-charge to consumers, is an incredibly powerful, fast and simple way to search through almost 10,000 mortgages available in the UK using the latest and most comprehensive mortgage product data.

Available now in the Apple Store for iPhones and iPads and in the Play Store for Android devices, UKmortgages also provides consumers with the ability, via its ‘Find a Broker’ function, to get in touch with a UK qualified mortgage broker to help answer questions and progress mortgage enquiries.

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Mortgage Brain launches UKmortgages App for iPhone

~ The UK’s most comprehensive mortgage search application for iPhones ~

Mortgage Brain, a leading technology solutions provider for the financial services industry has launched a mobile app for the iPhone, which allows consumers to search the UK mortgage market for a mortgage, compare products, and ‘find a broker’ to help them through the application process.

The app, which is free of charge and available in the Apple Store, is an incredibly powerful, fast, and simple way to search through almost 10,000 mortgages available in the UK using the latest and most comprehensive mortgage product data.

Launched initially on the iPhone and soon to be made available on the iPad and Android devices, the app also provides consumers with the ability, via its ‘Find a Broker’ function, to get in touch with a UK qualified mortgage broker to help answer questions and progress mortgage enquiries

Click here to view the full article.

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Mortgage Brain launches mobile app to promote brokers

Mortgage Brain, the market leading mortgage technology solutions provider, has announced the launch of its unique mobile application solution to promote brokers and mortgage products to UK consumers.

The app, launched initially on the iPhone and soon to be made available on the iPad and Android devices, is the first of its kind in the industry and has been designed to support brokers’ sales channels and promote them to consumers via new generation mobile applications.

The app, which is free of charge to consumers,  includes a high level consumer facing mortgage search and selection capability – featuring broker only products -, a range of mortgage calculators, and a unique ‘Find a Broker’ facility.

All mortgage brokers who use Mortgage Brain’s mortgage sourcing systems are entitled to be promoted within the Find a Broker section, together with contact details, at no charge and all leads and enquiries will be passed on, again at no charge.

This unique feature provides a first of its kind opportunity for all Mortgage Brain users to be promoted on mobile technology and will enable participants to continue to meet the needs of a new generation of customers.

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Join the Mortgage Brain Linkedin group… click here