Mortgage Brain has launched a reference centre for intermediaries to help them keep up to date with changes as a result of the Coronavirus pandemic.
The firm says its new reference centre is free of charge and can be plugged in to the many ‘coronavirus hubs’ that have or are being set up.
A new section on the existing Criteria Hub site has gone live, featuring three key data feeds. The first feed will be a set of 19 FAQs covering developments in lenders’ policies, such as changes to income assessments and the use of automated valuation models. This feed will be powered by Criteria Hub, and has been constructed based on feedback from both intermediaries and lenders.
In addition, there will be a second feed, updated daily, to highlight specific product changes made by lenders, powered by Mortgage Brain.
Finally the third feed will consist of industry news stories, provided by a trade publication owned by Mortgage Brain.
Mark Lofthouse, CEO of Mortgage Brain, said: “The mortgage landscape is moving at a rapid pace as a result of the pandemic, with intermediaries having to keep on top of vast numbers of product and criteria changes on a daily basis.
“We are committed to easing that burden by developing this single point of reference, arming them with the information they need to continue providing the advice and guidance which borrowers rely on.”