Trigold has confirmed today that BM Solutions has joined ENC, the Enhanced Non Conforming sourcing module available to all Trigold users, who account for over 60% of the market.
ENC allows brokers to search, sort, select and apply for sub-prime mortgages.
The addition of BMS means that over 95% of the market now supports ENC.
All products within the BMS product portfolio are now incorporated in ENC’s sourcing engine, which also includes an enhanced fact find, data verification, Key Facts Illustrations and electronic applications.
Martin Reynolds, head of sales at BMS, says:
“We have worked very closely with Trigold to get to this point and the timing is now right for launch.
“Our aim is to make the broker’s life easier. BMS already saves time for brokers with the One Minute Mortgage available via its website.
“The ENC module is another convenient access point for brokers to source BM Solutions’ award winning range of sub-prime products.”
Bill Safran, CEO of Trigold, says: “We regard it as a major coup that BMS has chosen to join ENC. BMS is one of the major forces in the sub-prime market and is known for their intermediary focus and innovation in product design.
“We are delighted that they have selected to work with ENC. We look forward to working with them to support their proposition in the market and their relationship with intermediaries.
“Because ENC allows advisors to search the mortgage market based on the exact credit history of the customer, advisors are recommending the right mortgage, from the right lender, at the right time.
“The list of lenders supporting ENC reads like a who’s who of the non-conforming market and now accounts for over 95% of non forming lending.”