The sourcing provider says the system was developed with brokers for brokers and its early adopters are from a wide range of companies including PMS, Personal Touch, The Exchange, Sesame and Paradigm Mortgage Services.
Mark Lofthouse, CEO of Mortgage Brain, says: “The feedback we’ve received since the first announcements were made and demonstrations were given has been absolutely amazing with 96% of brokers saying that the ALL NEWMortgageBrain is better than their current sourcing system. We’re absolutely delighted that the full, industry-wide roll-out is now taking place.
“The new system offers unrivalled sourcing capabilities and takes mortgage sourcing to the next level. It provides brokers with facilities and features not available anywhere else and its sourcing capabilities are far superior than those in any other system. We’re looking forward to receiving further feedback as the system is put through its paces during the coming months.”
Built from the ground up using Microsoft technology, ALL NEWMortgageBrain uses both offline and online technology.
From one screen, intermediaries using the system can now conduct around 90% of the mortgage search and selection process, conduct multiple client specific searches and generate personalised best buy tables.
John Cupis, managing director for mortgages and general insurance at Sesame, says: “The new system from Mortgage Brain will deliver real and substantial benefit to brokers and incorporates many features and capabilities unavailable elsewhere. It’s just what professional brokers have been asking for for a long time and we’re sure it’s going to have huge impact on the future of mortgage sourcing.”