Mortgage sourcing and electronic trading software provider Mortgage Brain is launching a new technology solution to help introducers with compliance requirements.
Its Version 6 software offers compliance documentation including Initial Disclosure Document (IDD), Factfind, client checklist, customer declaration and reasons for recommendation letter.
Mortgage product information is also available with access to over 14,000 mortgage products. Mortgage Brain chief executive Mark Lofthouse says: “It's important to recognise that being compliant after mortgage day isn't just about producing accurate KFIs, but is about following a fully compliant process. This includes essential documentation like IDDs, factfinds, reasons for recommendation letters together with document archiving and a comprehensive audit trail.”