Users of MortgageBrain Classic will be able to source products based on affordability as well as product and criteria following the integration of Affordability Hub into the sourcing suite.
MortgageBrain Classic’s integration with Affordability Hub means that it now combines product, criteria, and affordability based sourcing.
Acess to Affordability Hub through the MortgageBrain Classic integration will be free of charge.
Affordability Hub is Mortgage Brain’s affordability-based sourcing solution which allows advisers to bring together information about their client – from the property they plan to borrow against to their income, expenditure, and debt ‒ into a single, standardised form which is run through the affordability calculators of 35 partner lenders.
Advisers are provided with details of how much their client could potentially borrow from each lender, with each step of the calculation journey recorded, providing advisers with an audit trail for compliance.
Neil Wyatt, sales & marketing director at Mortgage Brain, said: “The integration of Affordability Hub into MortgageBrain Classic is an incredibly exciting moment and the culmination of a lot of hard work. We have long-talked of our ambition to truly transform mortgage sourcing, and having all three sourcing solutions accessible in one place is a clear demonstration of what that transformation looks like.
“As always, we won’t stand still either, with further enhancements on the way which will continue to support advisers and their clients in identifying the best possible mortgage to meet their requirements.”