Mortgage27 has released MortgageSource, a cloud based mortgage sourcing system for intermediaries.

The system considers criteria such as acceptable client income streams, property construction and location variants, as well as offering a range of filters, including Help to Buy schemes, Shared Equity and New Build.

In addition, product criteria and rates can be updated instantly by the Mortgage27 team. The technology behind MortgageSource is already being used by Mortgage Advice Bureau, whilst a number of other partners are presently integrating the system into their own Customer Relationship Management (CRM) software.

MortgageSource is available immediately to networks, packagers, mortgage clubs and directly authorised firms, and other mortgage professionals seeking single user licenses can apply to have access from the first quarter of 2015.

James Tucker, managing director of Mortgage27, said: “We are delighted to formally release MortgageSource to the wider market. This system is the result of working with our lender and intermediary partners to deliver a sourcing system that really adds value and drives efficiencies in the advice process.

“I would like to thank all those who have contributed to what we believe to be a significant advance in mortgage sourcing technology.”