At the Specialist Lending Event in January, our technology partner Mortgage Brain announced the soft launch of LoansBrain its second-charge loan sourcing system.
Roger Crocker, sales and marketing director at Mortgage Brain explains how to sign up and use this whole of market secured loans solution, tailored for mortgage brokers.
The free-to-use sourcing tool offers a range of options, including direct referrals to master broker Fluent Money.
The tool, helps demonstrate advisers have properly considered a secured loan, which brokers are obliged to do after 21 March, the deadline for the Mortgage Credit Directive.
When secured loans become regulated by the Financial Conduct Authority, mortgage brokers will have to consider second charge mortgages when assessing a client’s needs and, furthermore, be able to evidence that they have done so.
“LoansBrain allows brokers to do this in a way that is easier, faster and more accurate than ever before,” says Crocker.
Take a look at LoansBrain here.
