Twenty7tec has revealed that it has seen an increase in the usage of its affordability sourcing solution following the recent update to its SOURCE module.
The update has resulted in searches conducted through the platform increasing by 23.8% in July, whilst user numbers have also increased over the same period.
The latest enhancements to SOURCE are designed to provide advisers with a more efficient and accurate method for assessing lender affordability and delivering precise results for their clients. Key updates include the addition of new data fields to better address complex customer profiles, such as those involving self-employed individuals and contractors.
Twenty7tec says this functionality enables advisers to collect more detailed information and obtain precise maximum borrowing amounts from over 60 lenders, all within the same platform.
Nathan Reilly, director at Twenty7tec, said: “We are committed to continuously enhancing our solutions to provide advisers with the best tools available. It’s fantastic to see such a positive response from our users following the recent SOURCE update.
“The rise in both users and searches highlights the increasing value and effectiveness of our affordability solution. As affordability assessments become more complex, it’s essential that we innovate to better support our clients in the mortgage sector.”
