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.