Lenders who account for over 75% of mortgages sold in the UK now verify their product details on Mortgage Brain.
Mortgage Brain delivered its product verification system, which enables lenders to proactively verify their product information on its mortgage sourcing system in January 2003. Since its launch introducers and lenders have instantly recognised the benefits of greater product accuracy and the certainty and confidence this offers.
Mark Lofthouse, chief exexcutive of Mortgage Brain, says: “It's clear that lenders have recognised the added certainty that product verification offers to introducers in the build-up to Mortgage Day. It is good that such a wide range of lenders, both big and small, now proactively verify their mortgage product details.”