Mortgage Brain gets Personal Touch

Amanda Jarvis

January 26, 2006

Personal Touch Financial Services’ will exclusively provide its 1,200 mortgage advisers with Mortgage Brain’s broker sourcing system, which will enable them to select the best products to meet their client’s needs from over 22,000 mortgages available.

Its advisers will also benefit from the further service and efficiency gains that can be realised through the use of the industry’s only true common trading platform, currently processing over 3,000 mortgage transactions per week. By using the platform, its advisers can electronically complete and submit KFIs and full applications, and for AIPs, receive a decision in under a minute from lenders accounting for circa 70% of all mortgages sold.

Personal Touch also provides a comprehensive suite of point-of-sale and client management software to its members, Toolbox, which is being integrated with Mortgage Brain and mte.

This will provide a structure to allow the free flow of information to further improve efficiency and reduce duplication of input and errors.

Martin Wilson, chairman of Personal Touch Financial Services, commented; “Having compared all of the systems available in the market, Mortgage Brain and the Mortgage Trading Exchange offered, by far, the most comprehensive product sourcing, selection, data accuracy and electronic capabilities. The integration of the systems is easy and straight forward, and Mortgage Brain and mte will complement our point-of-sale and compliance solution. I am confident that the capabilities and the level of service our advisers can now offer will exceed their expectations through the provision of the best systems available both now and into the future”.

Mark Lofthouse, ceo of Mortgage Brain added, “We are delighted that Personal Touch has chosen Mortgage Brain and the Mortgage Trading Exchange as their exclusive mortgage sourcing and electronic trading solutions. By using the most comprehensive sourcing system available, and the industry’s only true common trading platform, its advisers have the certainty and confidence of advising and completing mortgage applications that will exceed customer expectations. Their endorsement of our mortgage platform is extremely welcome as we are totally committed to delivering the highest quality of services and products to mortgage introducers.”

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