National broker John Charcol has chosen eMoneyfacts as its mortgage sourcing system.
The decision was made on the basis of the reliability and accuracy of Moneyfacts data as well as the competitive pricing of the eMoneyfacts product.
Ray Boulger, senior technical manager at John Charcol, says: I have used Moneyfacts Datascreen for several years and although no system is 100% accurate, I have been very impressed both by its high levels of accuracy and the news updates.
For an independent broker genuinely looking at the whole market, it is essential to have up to date news and product information on every lender.
The combination of email updates we receive direct from many lenders and Moneyfacts mortgage news service provides the information necessary to keep up to date.
When checking which products are currently available, an online system such as eMoneyfacts provides obvious benefits in today’s rapidly changing market as it is updated as soon as information has been received from lenders and checked, or is out of embargo.
An additional benefit for John Charcol in switching to eMoneyfacts was a significant cost saving compared with its previous sourcing system.
Advanced functionality enables eMoneyfacts users to create an IDD and suitability letters as well as providing audit report facilities, which allow users to print off and save search information including applicant details, mortgage search criteria and search results.
Users can source both residential and buy-to-let mortgages from the whole market, a panel or a particular provider.