Personal Touch Financial Services (PTFS) has selected LoanSource from Twenty7Tec as an integrated product sourcing system for secured and bridging loans.
Following the roll out of Twenty7Tec’s MortgageSource system to all members, Personal Touch will now roll out access to the firm’s LoanSource platform to support network members in their compliance with the forthcoming Mortgage Credit Directive (MCD).
It will be provided to members as an inclusive network benefit.
The combination of MortgageSource and LoanSource in Toolbox will enable network members to source mortgages, secured and bridging loans, and compare capital raising remortgages against second charge lending options, from one integrated system, avoiding the need for re-keying of client data.
Secured lending options will be provided by the network’s preferred second charge partners, and direct lender relationships where in place.
James Tucker, managing director of Twenty7Tec, said: “LoanSource was conceived for specialist distributors, directly authorised firms and major Networks such as Personal Touch to support their compliance with the MCD regulations. Both Personal Touch ARs and their clients will benefit greatly from the ability to consider all available lending options that this integration will bring.
“This decision is reflective of the strong relationship that we have built with Personal Touch over the last year, and we look forward to collaborating closely on this, and other projects, in the years to come.”
David Edwards, member services and IT director at Personal Touch said: “We are excited to announce the launch of the fully integrated LoanSource as a member inclusive benefit. We recognise that the right technology solution will play an increasing role in supporting advisers to deliver right outcomes to customers and build efficiencies into the advice process post MCD.
“We believe that by providing our members with a fully integrated solution we will be successful in achieving both these hygiene factors.”
