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Mortgage 2000 announces final phase of roll out for Encore

In light of forthcoming regulation, Encore – which already features full MTE integration – has undertaken a three-phase roll out programme to ensure it will be fully compliant under the regulatory regime come October 31.


Encore has already made available an &#39Initial Disclosure Documents Wizard&#39 within Encore, rather than terms of business, which is mandatory under regulation.


Encore has also enabled the user to formulate a dummy KFI using Encore&#39s new feature &#39KFI Wizard&#39, giving the broker the opportunity to view questions and how the finished document should look.  In addition to this, the &#39Fact Find&#39 within Encore, has been revamped to give pinpoint accurate results.


Encore entered the final phase last week with the roll out of phase three, and with ongoing development up to and beyond M-Day, Encore will then provide the user with offline KFI capability with those lenders who are themselves ready and an upgraded Compliance Manager which keeps track of the prescribed sales process and records each move along the way,

unlike some software sourcing systems Compliance Manager is included free of charge with Encore.


Steve Butler, national sales manager at Encore, says: “Rather than simply delivering a completely new system all at once and at a time when the user has to cope with regulatory requirements, we decided to give our subscribers the opportunity to view and familiarise the documents prior to Mortgage Day. We are updating our system all the time and additional features are planned which will add value to our user&#39s businesses. These will be announced shortly.


“With the onset of regulatory processes, it is of paramount importance that our users are fully geared for this. Mortgage 2000 is at the forefront of technology and I see these stages as a way of giving confidence to our customers. Encore will be capable of what is required when regulation comes our way at the end of October. At that point, we will simply turn off the old MCCB requirements, and switch on our processes.”



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