The Mortgage Alliance (TMA), the Scottish Mutual and Scottish Provident mortgage club, has launched a customised version of Trigold.
Currently 3000 members benefit from the services of TMA, which processes mortgages to the value of £250 million each month.
Mark Evans, national mortgage manager at TMA, says that, with tighter mortgage regulations on the horizon, the introduction of Trigold will assist members during a potentially difficult transition period. He says: “By using the system, intermediaries can source mortgages from the whole market which are updated daily, complete lender application forms and apply on-line to a growing lender base. More importantly the system also contains MCCB compliant documentation which makes it easier for intermediaries to take account of any new regulation when it is finalised.”
Martin Finegold, group chief executive of Trigold, says: “This is a great opportunity for Trigold to reach over 3,000 members of The Mortgage Alliance. TMA's choice of Trigold confirms our reputation for providing brokers with the best mortgage sourcing and transaction technology in the marketplace.”
The distribution of Trigold is the next stage in the development of TMA, which was first established by Scottish Mutual in March 2000 as part of a campaign to develop strong and sustainable relationships with intermediaries through added value services. It allows intermediaries to place mortgages with lending partners and receive introducer fees and exclusive products negotiated by Scottish Mutual and Scottish Provident.
Evans adds: “Mortgage intermediaries will increasingly come under greater cost and time constraints as regulations are tightened. By providing our own Trigold system to our members we aim to make the mortgage process a little simpler and thereby make it easier for intermediaries to provide quality advice and first rate service to their clients.”