Twenty7Tec has introduced a combined mortgage, secured and bridging loan sourcing system.
It utilises MortgageSource, Twenty7Tec’s mortgage sourcing system, and LoanSource, the company’s secured lending system, to deliver secured lending options for every client.
The system provides a detailed comparison of mortgage versus secured lending options, helping firms comply with the recommendations contained within the forthcoming Mortgage Credit Directive (MCD).
The system is already being used by specialist distributors such as Brightstar Financial, Complete FS, and Crystal Specialist Finance.
James Tucker, managing director of Twenty7Tec, said: “The launch of this system is further evidence of our commitment to leading the way in delivering cutting edge technology solutions to the financial services industry. Regulatory change driven by MMR and the MCD is fundamentally altering the way that both intermediaries and lenders operate, and we are an excellent partner to help these organisations use technology to maximise opportunity.
“We have been privileged to work with some of the top intermediary and specialist distribution firms in the country in developing this platform, and I would like to take this opportunity to thank them, and our lender partners, for their continued support.”
