Clever Lending has unveiled its new second charge sourcing system for brokers, Clever Sourcing, with finance software firm Twenty7Tec.

Clever Sourcing will immediately allow brokers to get accurate, quick product quotes for their clients, including second charge and remortgage comparisons.

Sam Kirtikar, managing director at Clever Lending, said: “I am delighted that Clever Sourcing is in the market place. Keeping pace with the industry is key in our support to advisors and Twenty7Tec provided a solid foundation to continue this.

“Clever Sourcing is not designed to be a substitute for advisor knowledge or experience, but designed to assist in identifying a range of opportunities that are suitable for their clients’ circumstances. We foresee this being an excellent tool for advisors, ensuring that second charges can be accurately recognised alongside 1st charge, covering off FCA requirements, providing a compliant audit trail and giving the client the options they are entitled to.

“The system will provide clarity and clear reporting and we will continuously look to develop it further to ensure advisors, managers, clubs or networks are getting the most they can out of it.”

James Tucker, managing director at Twenty7Tec, added: “We were delighted to support the delivery of the sourcing system for Clever Lending. It’s an easy to use interface and advisers will benefit from having so much useful information at their fingertips. They have a unique brand proposition in the secured loans market and we look forward to developing the system further as market changes require.”