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MBL includes direct-only products

Mortgage Brain is to include direct-only products on its sourcing system by the middle of next year.

The company has developed a search and filter facility that will feature on the upcoming latest version of the Mortgage Brain software due for release by mid 2009.

Mark Lofthouse, chief executive of Mortgage Brain, says brokers want to review direct deals but some lenders have been reluctant to share the data.

He says: “To ensure brokers can offer a whole-of-market service we are actively encouraging these lenders to reconsider their position so that we can deliver a more comprehensive solution to brokers.”

Richard Angliss, managing director of Home Buyer Systems, says: “Simply providing access to product data isn’t enough. We have learnt a lot by working with our customers over the last year.

“We’ve built in debit and credit card facilities to enable brokers to charge a fee and have also built an admin system for working with direct deals.”

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