Mortgage Brain launches integrated second charge sourcing

Available now on its MortgageBrain Classic sourcing system, the new functionality gives advisers the option of comparing any appropriate first and second charge mortgage products side-by-side.

The new system has been developed to give advisors a choice as to whether they want to advise on second charge products and deal directly with the lender, or pass the lead to a Master Broker to progress.

Advisers using MortgageBrain Classic can compare as many products as they like and select the time period to give the most accurate comparison possible.

The new second charge sourcing system will be extended to MortgageBrain Anywhere users in mid-2017.

Mark Lofthouse, CEO of Mortgage Brain, commented: “The rise in popularity of second charge mortgage products continues and by integrating secured loan sourcing into our mainstream first charge sourcing systems, we’ve made it as easy as possible for advisers to consider second charge lending when discussing options with their clients.

“The second charge sourcing option, for example, is accessed from the main sourcing screen and is included when the re-mortgage search option is selected. This is a really useful prompt – right at the start of the mortgage search and selection process - for advisers to discuss second charge options with their clients.”