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Trigold merges with software company

Mortgage sourcing system Trigold is set to merge with Crystal, the provider of the Momentum online point-of-sale platform.

Trigold Crystal will create what it says is the first end-to-end mortgage technology platform combining point of sale, case management, business administration, product sourcing and reporting solutions.

The combined business will include all advised financial products and will have an initial user base of 25,000 advisers. It will also continue to support all current 3rd party integrations including Trigold Prospector, Crystal Momentum and Dashboard.

Trigold managing director Martin Colyer and Crystal Software Solutions managing director Jon Whitmore will become joint chief executives of the business.

Colyer says: “This is an incredibly exciting new chapter in the growth of the business, now 10 years old. We are led by our customers and it is now time expand the range of product research and business solution tools. This merger is a superb fit and will enable us to work as a single team to deliver the next generation of software solutions to the market”

Whitmore says: “The combination of our Customer Relationship Management experience and the Trigold mortgage sourcing proposition, where Trigold have a 70 per cent share of the sourcing market, will be key and we are thrilled to be creating an exciting new product and bringing the best of breed systems in sourcing and point of sale together.”

Trigold Crystal will cover broker business, networks, clubs, packagers and lenders. It is also considering moves into the consumer mortgage sourcing sector.

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