View more on these topics

Brain filters aim to help on adverse loans

Mortgage Brain has launched an enhanced adverse and buy to let sourcing module on its Premier Edition sourcing system.

The firm, which offers sourcing, point of sale, compliance and electronic trading systems, has set up its premier system, including filters designed to source non-conforming products, covering county court judgments, individual voluntary arrangements and bankruptcies.

Enhanced features include improved adverse filters, up-front filters, extra data added to scheme details, improved adverse product information, greater validation of adverse data, direct links to Experian and is Microsoft Vista-ready.

Mortgage Brain says the latest edition is being rolled out to mortgage intermediaries and will be available to all by the end of the month.

The service will cover mainstream lending and adverse, including buy to let, let to buy, self-cert, adverse and light adverse.

Mortgage Brain chief executive Mark Lofthouse says feedback from customers and partners has directed the company to develop the next generation in line with their requirements.

He says: “The new adverse sourcing filters have been designed based on feedback and input from the industry.

“The specialist lending market is extremely complex, particularly in a regulated environment and the enhancements we have made to the new module will streamline the whole of market mortgage sourcing and sales process for the benefit of our customers.”

Recommended

Have the last laugh

Retirement funding will be an increasingly nagging problem for future generations. Peter French, a partner at Troy French and Partners, explains how equity release might be harnessed to help solve income and inheritance tax issues.

Tech winners keep on winning

By Ali Unwin, chief technology officer & fund manager, Neptune Artificial intelligence, driverless cars, big data. As technological advancements – and disruption – increasingly dominate headlines, Ali Unwin sets out six key themes he is watching in 2017. Read more Important Information Investment risks Neptune funds may have a high historic volatility rating and past performance […]

Newsletter

News and expert analysis straight to your inbox

Sign up

Comments

    Leave a comment

    Close

    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm

    Email: customerservices@moneymarketing.com