IRESS has launched XPLAN Mortgage, its new product for mortgage intermediaries.
The firm aims to streamline the end to end mortgage sales ‘journey’ for advisers and ultimately the end consumer, making it easier for intermediaries to, research, recommend and apply for mortgages on behalf of their clients.
Cloud-deployed XPLAN Mortgage provides an integrated workflow across advice, mortgage sourcing, activity management and protection sourcing. Intermediaries can select from a range of modules which best fit their profile and individual requirements, or opt for a single solution.
XPLAN Mortgage provides multi-device and cross-platform access.
Initially being launched with the mortgage sourcing (Trigold) module, mortgage intermediaries can compare multiple mortgage products, generate KFIs and use a range of interactive tools designed to help explain the impact of overpayments, interest rate and term changes to a client’s mortgage.
Further modules will be launched in 2015, including integration with IRESS’ Exchange for Protection Sourcing.
Trigold Prospector users will be able to choose whether to use the XPLAN Mortgage Sourcing module, Trigold Prospector, or both, at no additional cost.
The launch of XPLAN Mortgage forms part of a multi-million pound investment programme in its UK mortgage product offering across advice, research and application processing.
Andrew Simon, executive general product manager at IRESS, said: “We have developed XPLAN Mortgage in response to the growing demand from mortgage intermediaries for online and multi-device capability. We are committed to supporting the evolving needs of mortgage intermediaries, making it easier for them to advise on and sell mortgage products. Our XPLAN Mortgage product is central to this, and this first Trigold sourcing module will help improve the speed and efficiency of the mortgage sourcing process for our clients.
“Advisers want flexibility, and our unified solution matches this need, providing the flexibility to utilise as many or as few optional modules as wanted to best match the personal requirements of the user. We have already seen the efficiency gains in our pilot user groups and are confident XPLAN Mortgage will prove to be a vital and differentiated tool in advisers’ toolkits.”
