Twenty7Tec has today launched a combined mortgage, second charge and bridging loan system.
The combined system utilises MortgageSource, Twenty7Tec’s mortgage sourcing system, and LoanSource, its second charge lending system.
It provides comparisons of a remortgage versus a second charge option to comply with the incoming Mortgage Credit Directive in March 2016.
Brightstar, Complete FS and Crystal Specialist Finance are currently using the system.
Twenty7Tec managing director James Tucker says: “Regulatory change driven by MMR and the MCD is fundamentally altering the way both intermediaries and lenders operate and we are an excellent partner to help these organisations use technology to maximise opportunity.”