Mortgage Brain has announced the launch of its free secured loans sourcing system.

LoansBrain is available now and enables brokers to source a range of products “from the UK’s leading secured loan lenders”.

The system also enables brokers to choose to advise clients on the best products available, or to simply forward a client’s details to the master broker who will then manage the advice and application process.

Mark Lofthouse, CEO of Mortgage Brain, said: “We’re delighted to announce the launch of LoansBrain. As a business we have seen many major regulatory changes and have worked hand-in-hand with brokers and lenders to provide market leading technology solutions that not only meet but far exceed the minimum regulatory requirements.

“We did it in 2004 with the introduction of regulation on MDay; we did it again in 2014 with the new MMR rules and, with the launch of LoansBrain and enhanced MortgageBrain sourcing, we are doing it again now with the introduction of the Mortgage Credit Directive.”

Paul Ford, director at Fluent Money, said: “Mortgage Brain has a proven track record of working with brokers, lenders, and the industry as a whole, and providing technology solutions that work for all concerned.

“LoansBrain is another clear example of this and we’re delighted to be working in partnership with Mortgage Brain on the launch of its new secured loan sourcing solution.”