Trigold founder to launch rival sourcing system

Peter Heigho, the founder of Trigold, is gearing up to launch a mortgage sourcing system Mortgage Strategy can exclusively reveal.

The system will launch on March 17 and compete against rival sourcing firms Mortgage Brain and Trigold.

As well as offering business to business sourcing it will also offer a business to consumer sourcing engine for brokers to offer on their websites.

Heigho is launching The Core system under his old firm Client Data Systems.

He sold Trigold in early 2000, but remained with the company until late 2002.

Then in 2003 Heigho went on to set up The Key, the old trading name of Client Data Systems.

The assets of Client Data Systems were sold to Mortgage Brain in 2006, but the shell company was not.

Heigho relaunched the firm in June 2009 and it has been offering mortgage software and consultancy services to date. 

He says: “I hadn’t really intended to return to the mortgage sourcing market, however I was becoming increasingly frustrated by the lack of support being given to mortgage brokers where other software systems seem to be driven more by the desire for profit than the need of the broker.”

Heigho claims that it is more than just a mortgage sourcing system and describes it as an “electronic underwriter”.

He says its levels of accuracy far exceeds any system available today in either the broker market or the direct to consumer.

Gordon Steyn, who designed and launched EdgeV2 for Enterprise Broker Services and until recently worked as mortgage propositions manager at Intelliflo, has also been recruited to Client Data Systems.

Ian Merriman, former head of mortgage sales at Intelliflo, has joined the team as sales director.

Sophie Hall, director of distribution at Intelliflo and former director of network operations at Home of Choice, will now head up Intelliflo’s mortgage proposition.

Wenda Field, sales and marketing manager at Intelliflo, says: “We would like to thank both Gordon and Ian for their valuable input into our mortgage proposition and we wish them both every success in their fledging venture.

“IntelliFlo is continuing to go full steam ahead in the next stage of its mortgage development and we are delighted to announce the appointment of Sophie Hall who will lead our proposition into this arena.”

Readers' comments (6)

  • Its shocking to me as an adviser that these software developers are rolling out systems to offer consumers the same research tools as advisers - so they can bypass us.

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  • We are pleased to confirm that this software (The Core) can be used both by you as an aviser on your PC and also be on YOUR website, generating business for you.

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  • So, the next logical step, being an 'electronic underwriter' would be to electronically transmit this pre-underwritten application direct to a lender....now that would be a money-spinner! Cool idea.

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  • All the (new & existing) sourcing systems seem to make the same promises. Most, if not all, lenders do not allow these systems to plug into their (the Lenders) online systems and therefore the sourcing systems cannot accurately reflect the lenders' underwriting. Add to this those lenders who manually underwrite and the systems just a list of rates.

    With postings from the companies the threads start to look like advertising rather than a discussion / comment board.

    Happy days!

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  • They will have to go some to be in the same arena as HBS - but it sounds like they will. We would like details please Gordon when you are ready.

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  • Is this the same Peter Heigho as discussed in this article about bankruptcy? http://www.highbeam.com/doc/1G1-72841827.html

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