Mortgage Brain enhances system

Mortgage Brain today launches the latest version of its sourcing system – Broker 6.50.

The software features a number of enhancements, most notably an affordability calculator that filters all products that exceed the client’s budget.

While some lenders provide online affordability calculators, they have been criticised for not explaining how they calculate the figures. Mortgage Brain’s aim is to empower brokers to calculate for themselves what their clients can afford. Brokers can then restrict Broker 6.50 to only look for products within their client’s budget.

Over the next few weeks, all existing customers will be provided with a free upgrade CD. The system is also available online to download.

The new features build on the system that was launched to support compliance. It deals with all major product areas, is integrated with the Mortgage Trading Exchange and now has around 50 filters, all included in the point-of-sale process.

Mark Lofthouse, CEO of Mortgage Brain, says “We have a substantial investment programme to improve our products and reckon this latest suite of compliance, mortgage sourcing and electronic trading software is the best solution available to introducers.”