1.04 COVERAGE

All providers describe their systems as being whole of market. This is significant as advisers see this as the most important single factor in selecting a sourcing system.

There is however a difference in both product and provider numbers on each system. Live product numbers range from 8,631 for Twenty7Tec and 40,642 for Mortgage Brain (although the latter includes withdrawn products in its figure).

The number of lenders on a system ranged from c. 100 with Mortgage Brain and 106 with Twenty7Tec to 317 with Mortgage Brain. This figures includes packager and distribution exclusives.

Figure 1.23: Does the provider describe the system as being “whole of market”?

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* 2020 survey entry

Figure 1.24: Number of products on the system as of 30 September 2020

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* 2020 survey entry

Figure 1.25: Number of product providers on the system as of 30 September 2020

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* 2020 survey entry

Three of the sourcing systems featured have third-party integrations in order to facilitate general insurance and/ or protection sourcing. Iress, which did not participate in this year’s report, said in January 2020 that this was in development.

Figure 1.26: Can users source general insurance and/or protection from within the system?

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* 2020 survey entry

This data was collated in January 2021. Trek Publishing Limited accepts no liability for loss or damage to material submitted for publication.
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