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Mortgage Brain rolls out updated system to brokers

Mortgage Brain has rolled out the latest version of its sourcing system which allows brokers to carry out around 90% of sourcing activity from a single screen.

The All New Mortgage Brain uses both offline and online technology and lets brokers carry out multiple client-specific searches and create personalised best buy tables.

The system is now on general release following an early adopter programme during which more than 500 brokers used it.

It has already been adopted by companies including PMS, Personal Touch Financial Services, Paradigm Mortgage Services, The Exchange and Sesame.

Mark Lofthouse, chief executive officer of Mortgage Brain, says he had positive feedback from the early adopter programme and broker demonstrations of the software.

He says: “We’re delighted that the full rollout is taking place and are looking forward to further feedback as it is put through its paces in the coming months.”

The number of broker products stood at 4,753 at the beginning of May, according to the latest data from Mortgage Brain.



Snowdon ready to scale the heights

When lender Aldermore recently launched a residential mortgage arm it was Colin Snowdon’s third mortgage start-up. And given its liquidity in a dislocated funding market and the niche he has identified, he believes it has a clear space in which to flourish


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