Premier Mortgage Services will be withdrawing all its
exclusives from the M2000 Encore sourcing system until further notice, with immediate effect.
PMS says it has come to its notice this week that should a PMS member transmit a mortgage application through the Mortgage Trading Exchange, via the Encore sourcing software, they will not be recognised as a PMS member.
The client’s application would be coded as a M2000 application regardless of the fact that this initially was transmitted as a PMS case.
PMS says it is trying to find a solution to this problem that has been created by M2000.
PMS says Sean Hornsby of Mortgage 2000 has advised that this applies not just to PMS but to all similar distributors.