Moneyfacts launch updated sourcing system

Moneyfacts Group has launched the latest version of its mortgage sourcing system, Mortgage Searchscreen4.

Users will be able to download information on products from most lenders in the country and store it on a hard drive. Mortgages can then be sourced offline whenever, and wherever they need to. New features include client database management, a buy-to-let search facility, results sorting by rate, APR, monthly payment or true cost. In addition they will be able to calculate monthly repayment schedules and give MCCB approved quotes.

Valerie Bullard, sales and marketing director at Moneyfacts, said: “Previously, users had to dial back to Moneyfacts’ databases to get the results that matched their mortgage criteria. Now all that data can be held on their PC. All the data is accurate and independent, and any product changes are updated immediately. It is fast and simple to use, and no special training is required.”