You are here: Home - News -

Mortgage Pro fills the gap in sub-prime sourcing market

  • 21/10/2002
  • 0
A new sourcing system, Mortgage Pro, is to be released to the intermediary market in mid-November. I...

A new sourcing system, Mortgage Pro, is to be released to the intermediary market in mid-November. Initially, the system will be aimed at the sub-prime market, currently without a dedicated sourcing system. Mortgage Pro will also include the lending panel of packager and system designer, Homebank.

Mortgage Pro was initially designed for use solely by Homebank’s internal sales force. Prior to its release, both the tied force and volunteer intermediary firms have had the package under test. This has led to several generic functions being added to the system. Brokers’ name and company details along with any financial parameters, such as fees, are automatically populated on all relevant forms.

Data accuracy will be guaranteed by the lenders having access to the system. George Dodds, managing director of Homebank, explained: ‘We give the lenders an update disk, so they can update their own products. We then check no errors have been added, and next time the broker presses their update button, it will load up on to the search engine.’

Homebank is also in talks with both Trigold and Mortgage Brain over sharing their trading platforms. Dodds said: ‘It seems ridiculous there are so many platforms fighting with each other. We do not see the point of entering the arena with yet another platform and are happy to connect to the individual lender’s platforms, if they exist. If there is a platform that is ready then we want to be part of the team.’

Mortgage Pro has already signed an agreement with Britannic Money. Brokers using the search engine will deal directly with Britannic Money’s system.

Early next year, Mortgage Pro will also be releasing call centre software for brokers. Intermediaries sourcing their leads from outbound calls will have client details taken down by the call centre. These details will then go online to the broker who will follow up the lead and fully populate Mortgage Pro. This software is being used at the moment by Homebank’s internal sales force.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.

Read previous post:

The press are at it again. ''House prices driven to unsustainable levels by the buy-to-let market,' ...