Mortgage Brain launches second charge sourcing capability
Mortgage Brain has launched a second charge mortgage sourcing capability into its first charge sourcing systems.
The new functionality is available on its MortgageBrain Classic sourcing system and gives advisors the option of comparing any appropriate first and second charge mortgage products.
Advisors using this system can compare as many products as they like and select the time period to give the most accurate comparison possible.
Mark Lofthouse, chief executive of Mortgage Brain, said: “The rise in popularity of second charge mortgage products continues.
“By integrating secured loan sourcing into our mainstream first charge sourcing systems, we’ve made it as easy as possible for advisers to consider second charge lending when discussing options with their clients.”
The new sourcing system is now being released to MortgageBrain Classic customers and will be extended to MortgageBrain Anywhere users in mid-2017.