Mortgage Brain says that its mortgage product data is now verified for accuracy by three-quarters of the lending industry in the UK, Mortgage Brain delivered its product verification system, which enables lenders to proactively verify their product information on its mortgage sourcing system, in January 2003.
The firm says since its launch introducers and lenders have recognised the benefits of product accuracy and the confidence this brings.
The 26 lenders verifying product information on the system include Alliance & Leicester, Bank of Scotland, Coventry, GMAC-RFC, Halifax, Nationwide, Northern Rock SPML and Standard Life Bank.
Mark Lofthouse, chief executive of Mortgage Brain, says: “It's fantastic that so many lenders have taken the opportunity to verify product information on our system. It's clear that lenders have recognised the certainty that product verification offers introducers. We're also pleased that such a large number of lenders now verify their mortgage product details.”