HBOS has confirmed that it is working with four industry leading sourcing systems – Mortgage Brain, Trigold, Mortgage Link and Mortgage 2000 – to verify all product data held on their individual systems.
All HBOS products will be clearly marked for ease of intermediaries use. HBOS expects this new system of product verification to be fully in place early in 2006.
HBOS will continue to guarantee the online KFIs generated via its own web-based systems. This guarantee extends across the five mortgage brands.
Nigel Stockton, managing director of HBOS Intermediaries, says: “We are committed to working closely with the sourcing system industry to develop a compliant solution which delivers exactly what intermediaries need.
“I am delighted that, together with the industry leading sourcing systems, we have developed a very clear approach. Intermediaries can now access verified HBOS product data via their preferred route safe in the knowledge that it is accurate.”