Mortgage sourcing software offer

Amanda Jarvis

March 19, 2003

Mortgage Brain is the first and only mortgage sourcing system to be integrated with Paymentshield’s INERTIA insurance quotation system.

Commenting on the move, Gareth Riding, marketing director of Paymentshield said, “This initiative offers intermediaries the best of both worlds – it is now possible to provide compliant mortgage illustrations and competitive insurance quotations through one fully integrated system. This will undoubtedly result in greater levels of productivity and profitability for all of our introducers.”

For each qualifying Paymentshield INERTIA policy (where the Mortgage Brain reference number is included) an introducer will receive a £7.50 credit against their monthly mortgage sourcing software subscription. This means that an introducer paying £29.99 + vat for their Mortgage Brain software, has to sell four policies in one month in order to receive it free. This is in addition to the usual commission terms associated with Paymentshield INERTIA.

Mark Lofthouse, CEO of Mortgage Brain commented, “This is a tremendous offer for intermediaries. Not only do they benefit from the innovative and all encompassing sourcing capability, but they can now access the leading insurance products – and transfer client information directly between the two systems.”

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