Twenty7Tec launches MCD compliant system
Twenty7Tec Group's systems are now fully compliant with the forthcoming Mortgage Credit Directive.
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The changes to the system required by MCD are now live, including the production of KFI + and ESIS documentation, in line with each lender's own individual guidelines.
All lenders in MortgageSource switched to KFI + production in January, whilst those who have elected to use the ESIS alternative have now been converted to ESIS production. Furthermore, an additional filter has been added to denote whether the intermediary is sourcing for a Consumer Buy To Let product.
The latest updates to MortgageSource are already live in the company's ‘standalone’ web based system, while those users who access MortgageSource via one of the many CRM integrations available are being upgraded imminently by their respective CRM partner.
Jorge Monte, Product Director for MortgageSource at Twenty7Tec, commented:
“We have been working tirelessly for the past 12 months to deliver the most comprehensive solution available to Intermediaries operating in the post MCD world, and we are delighted to have completed this project. Our thousands of users have reacted well to the developments that we have completed and we look forward to announcing further enhancements to our systems shortly”.
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