View more on these topics

Advantage joins ENC

Advantage has become the latest lender to join ENC, the Enhanced Non-Conforming sourcing module on Trigold.

Advantage has worked in close partnership with Trigold to support ENC, which offers brokers a sub-prime sourcing tool.

ENC has been created specifically to accurately source sub-prime products, taking into account the detailed underwriting criteria of each lenders portfolio.

ENC is the cornerstone of a complete sub-prime solution that includes; enhanced fact find, data verification, KFIs and electronic applications.

This solution ensures that the broker can search, sort, select and apply for sub-prime mortgages with complete confidence.

Accessed through Trigolds Prospector AAA sourcing system, ENC delivers a range of features and benefits for both brokers and lenders alike including using lenders individual underwriting criteria as the basis of the aggregating system.

Benefits for brokers include an enhanced client fact find, verified mortgage data and the ability to use the system for the entire sales process including production of KFIs for sub-prime products.

Peter Bass, sales director at Advantage, says: Advantage is delighted to support and endorse the ENC sourcing tool.

Trigold users can now view our products using sourcing tool that more accurately meets the specific needs of the sub prime marketplace.

Now, more than ever, the Introducer has the ability to obtain sophisticated and accurate information on sub-prime areas which will undoubtedly assist delivery and improve the overall service to the end customer.

We believe it will provide huge benefits for ourselves and mortgage brokers alike.

Bill Safran, chief executive at Trigold, adds: With the highly creative and varied product and criteria innovation demonstrated by specialist lenders, brokers have almost needed a sixth sense to know where to place certain cases.

By working with lenders who account for over 90% of the sub-prime market, Trigold through ENC provides advisors with a complete solution for the sub-prime market.

ENC streamlines the sales process while providing the broker with a greater level of confidence.

We are highly flattered that Advantage has selected Trigold to deliver its proposition to the intermediary market.


RBS interest in brokers cools

The Royal Bank of Scotland has admitted that it stepped back from the broker market in the first half of 2006. In its half-year results it says: “Intermediaries are an important distribution channel for mortgage products in the UK and we are an active participant in this channel, although there can be significant swings in […]

Is this a cunning plot or has Labour just cocked up again?

From Danny Lovey So HCRs are dead – at least for the time being. But they can be obtained on a voluntary basis. Who will do this? Nobody. However, the Energy Performance Certificate, another European idea, is alive and well. And was the EPC supposed to be done by home inspectors in the course of […]

edeus adds BDS to packager panel

BDS Mortgage Group has been selected by edeus as one of the packagers it will work with from day one. Bob Hope, head of sales and network at BDS, says: We are expecting edeus to launch with an innovative suite of products and technology based lending, and we are delighted to be selected as one […]

TMP adds edeus to panel

The Mortgage Partnership has added edeus to its packaged panel. edeus, scheduled to launch next month, officially announced its initial chosen packager list last week.Products from the the highly anticipated new lender will be available for intermediaries fully packaged at TMP from launch date. TMP say edeus will offer an extensive specialist product range including […]

Health - thumbnail

Fit for Work: guidance for employers published

On Friday, the Department for Work and Pensions published its guidance for employers on using the new Fit for Work (FfW) service to help ill employees return to the workplace. It also includes more details on the tax exemption for medical interventions that commenced on 1 January 2015.


News and expert analysis straight to your inbox

Sign up