Twenty7Tec partners with Mortgage Broker Tools
Twenty7Tec and Mortgage Broker Tools have agreed a sourcing and affordability partnership.
The fintech firm has integrated MBT Affordability from Mortgage Broker Tools into its CloudTwenty7 platform.
This integration will allow users of CloudTwenty7 to conduct affordability research alongside product sourcing.
Users of CloudTwenty7 who access the integrated version of MBT Affordability will benefit from preferential pricing, according to the firm.
Furthermore, Twenty7Tec will acquire a minority stake in Mortgage Broker Tools.
James Tucker, chief executive at Twenty7Tec, said: “There’s no point getting three quarters through the application process to find that a product is unsuitable for affordability reasons.
“That’s inefficient for brokers who are already gearing up for a particularly busy year.
“With this integration, brokers can give customers better tailored options every time.
“Using a combination of cutting-edge affordability technology and our CloudTwenty7 platform ensures that advisers experience a seamless and detailed research experience, delivered in real time.
“Every time we iron out a crease like this, we make the market more efficient and we see an uplift in the volume of completed deals for our clients. It’s win, win, win for brokers, lenders and customers.”
Lewis Lenssen, managing director at Mortgage Broker Tools, added: “This is a coming together of two best of breed platforms to deliver brokers an unrivalled integrated research solution.
“CloudTwenty7 is now used by more than 12,000 mortgage advisers to search and apply for mortgages, while MBT Affordability is leading the way in disrupting how brokers research the most suitable affordability options for their clients.
“Integrating the two is going to provide brokers with a very powerful tool, and I am looking forward to working with James and his team to roll out our integration.”