Mortgage Brain users get separate company

Mortgage 2000 has launched a separate distribution and packaging company for brokers who use the Mortgage Brain sourcing system.

M2 mortgage club and m2-d&p will appear as 1st source direct and 1st source processing for users of the Mortgage Brain system. The club will offer mortgages from over 45 lenders on a direct submission basis while the packaging service will provide products and fees from an extensive lender panel.

Sean Hornsby, sales and marketing director at Mortgage 2000, says: “As we are rivals we were not sure our services would sell on the Mortgage Brain system so decided to rebrand for this deal.”

Claire Kennedy, head of marketing at Mortgage Brain, adds: “1st source will be offered by Mortgage 2000 to our direct or non-corporate subscribers. They have the opportunity to take advantage of launch offers.”