Twenty7Tec, provider of tech solutions to the mortgage industry, has developed an in-house mortgage criteria search solution – the first to deliver product and criteria sourcing on one single platform.
The functionality supports free format text criteria searches and the production of evidence of research documentation, is being trialled by leading mortgage intermediary firms, before a wider roll-out.
When complete, all 13,000 users of SOURCE, Twenty7Tec’s sourcing system, will be able to search product and lender criteria from its CloudTwenty7 platform.
In a further show of support for the industry in the face of the COVID-19 crisis, Twenty7Tec will give free access to its new functionality to SOURCE users until the end of 2021.
James Tucker, CEO, said, “Bringing product and criteria searching onto one single platform, enabling advisers to use one single set of client data for both, has been a long held ambition of ours and I am delighted that we have begun now to roll it out”.
David Lawson-Shah, Alexander Hall’s Director of Risk, Compliance & Tech, added, “With lenders’ criteria changing daily, advisers need to spend time keeping up to date, taking time away from talking to clients. This solution helps to resolve this, helping intermediaries take a big step in the right direction.”