Brilliant Group has announced launch of a new software business, iZone Software. The company will supply lenders with mortgage processing software and also offers white labelled property management software to intermediaries.

iZone Software, which currently supplies the Family Building Society and National Counties Building Society, is targeting new lenders and those dissatisfied with their existing provision.

The business will be headed by Mel Vosoughi who has developed and run IT platforms for regulated financial networks and has worked in the financial services and software sector for over a decade.

He said: “Our solutions are state of the art, modular and flexible. Our approach is about empowering the lender to adapt with the market and thanks to our heritage as a business, we also look to provide software that is user and sales driven.

“So much focus has been placed on compliance that transacting business has become expensive and difficult. By building compliance in from the outset, not retrofitting, we have been able to focus on usability and flexibility.”

Matthew Arena, managing director of Brilliant Group, said: “Lenders with blank cheques still have difficulty getting a system delivered that meets the most basic requirements of brokers, networks and their distribution network. The problem is even greater for those on restricted budgets. Thanks to iZone Software, smaller lenders and new entrants now have realistic alternatives to consider.

“Following the successful launch of the products and services with our current lender partners, we are in a fortunate position to already have an active system in the lending sector and are already in discussions with a number of lenders about various components of our software offering. iZone Software is in a truly unique position thanks to the level of mortgage experience within the business and the recent build of the lender platform.”

iZone Software also offers modular plug-ins for lenders, including a mortgage distribution CRM module.