Evaluate Technologies last week gave Mortgage Strategy an exclusive preview of the latest version of its sub-prime sourcing system, Evaluate.
The updated online system will provide more lender options and its results are based on full credit searches and client information.
It will also feature a beefed-up lender panel, which has yet to be ann-ounced. Its results will be cascaded according to their adverse level and will display all available products in the market. And when applications are re-jected, the system will say why.
Kevin Friend, strategic partnerships director at ET, says: “We believe this version will become recognised as market-leading.
“Brokers will appreciate its speed, accuracy and certainty and it will also ensure there’s an audit trail to aid compliance.”
Victoria White, mortgage adviser at Whiter than White, says: “The updated system responds faster and makes a wider choice of lenders and products available.”