Trigold and Mortgage Brain are in merger talks that would see the combined company holding around 80 per cent of the mortgage sourcing market, Money Marketing understands.
Trigold bought packager sales workflow system Dashboard in December.
Despite some concerns over market dominance of a combined company, it is thought a merger would not concern the Competition Commission.
But Debbie J Boyes Professional Mortgage Advisers principal Debbie Boyes says a merger would not provide the single online system which is sought by brokers.
She says: “Neither system is particularly reliable or offers exhaustive options. We tend to use them more as an aide memoire rather than depending on them for information. What we would like to see is a common e-platform that would save us time with all the lenders using one system.”
London & Country head of communications David Hollingworth says: “We would like to see a unified commercial platform. I would be interested to see whether they plan to amalgamate the systems or run them alongside each other but I can only see a benefit if this was to happen.”
Mortgage Brain and Trigold refused to comment.