Legal & General has announced the launch of SmartrCriteria, a new criteria search system.
According to the company, SmartrCriteria holds nine years’ worth of data from the club’s mortgage support services and offers brokers 394,000 criteria outcomes from more than 95 lenders.
The system will be accessible 24/7 and is continually updated, according to the mortgage club.
Brokers will have access to the club’s mortgage support service via mobile and the live chat function. Furthermore, the firm report the system can also be used as a training tool for new brokers.
Legal & General director Kevin Roberts (pictured) says: “Looking for the best mortgage options can be a time-consuming process for brokers and their customers, and with ever changing lender criteria, it can be difficult to stay on top of it all.
“SmartrCriteria has been built with this in mind, designed to make placing cases both quicker and easier, resulting in better outcomes for both brokers and the end customer.”
Alexander Hall director of lender relationships and new homes Greg Cunnington adds: “This is a really great move from Legal & General Mortgage Club.
“The technology behind SmartrCriteria does the heavy lifting for advisers, allowing them to spend less of their time speaking to various lenders and more time giving good advice.”