Beacon Homeloans joins ENC

Beacon Homeloans is the latest lender to support the Enhanced Non Conforming sourcing module on Trigold.

The lender will have all its products listed and verified on ENC enabling advisors to make accurate and precise product comparisons.

Bill Safran, chief executive of Trigold, says: Beacon is leading a new generation of lenders that have re-written the rules surrounding mortgage distribution.

Everything about its proposition is highly targeted and highly effective in the marketing of mortgage products.

Part of this proposition is the ability to react quickly to new product niches with fast and effective product development.

It is therefore crucial that the speed of development is matched by the sourcing system that sits at the heart of a brokers sales process.

We have worked closely with the team at Beacon to ensure that the system accurately highlights the competitiveness of the products across the range.

Clive Willson, head of sales for Beacon Homeloans, adds: Becoming an ENC lender was the logical step to support and enhance our recent growth and success.

Beacon Homeloans has launched a host of new products to the market that expand traditional risk categories and with ENC, we are able to present these accurately and directly onto the brokers desktop.

We also have the added reassurance of being able to quickly verify our product data and criteria, to ensure that the end-to-end system available to our customers is assured, every step of the way.

The mortgage market is a highly dynamic and technological environment and so it is crucial to us that there was a seamless link between ENC and the E-Trading Centre that creates a straight through process from the initial fact find through to the delivery of an electronic application.

Becoming an ENC Lender enables us to challenge the more established lenders on rate, criteria and service all rolled up into one.

If further market consolidation is coming then product launches will become more frequent and it is essential that there are systems like ENC.