Mortgage27 has revealed that MortgageSource, its recently released sourcing system for financial intermediaries, is now available to all lenders and packagers who list their products on the system.
The firm explained that lenders and packagers can apply for a license to access a version of MortgageSource that will include only their own product range. This will enable them to check the product details held, as well as test the operation of the sourcing logic as it relates to their own products.
MortgageSource is a cloud based mortgage sourcing system and is currently being rolled out to a number of network partners.
“Systems such as MortgageSource play a crucial role in distributing clear and accurate information about a lender’s product range to the intermediary community,” said Matthew Howe, director of sales operations for Mortgage27.
“Providing our lender partners with access to MortgageSource is another way in which we engage with the lending community to ensure we deliver technology solutions that meet the needs of all our stakeholders. We look forward to hearing their comments and feedback on our system.”
The re-branding of Mortgage27 in line with its parent company, Twenty7Tec Group, will be completed by January 1 2015, Howe added.