Heigho, who left Trigold in 2002, is launching The Core system under his old firm Client Data Systems (CDS).
The Core will launch on 17 March and will aim to compete against rival sourcing firms Mortgage Brain and Trigold and offer business to business sourcing and a business to consumer sourcing engine for brokers.
CDS will also provide advice on web-based sourcing solutions and provide software solutions to clients.
Heigho has been working at in the mortgage software and consultancy services area since he left Trigold. In 2003, he built The Key software system and sold it in 2006 to Mortgage Brain.
Ian Merriman, former head of mortgage sales at technology firm Intelliflo, has also joined Heigho as a sales director with Client Data Systems.
Mark Lofthouse, chief executive of Mortgage Brain, said:”Details are sketchy at the moment, so it is hard to fully know what is happening. Time will tell. We are going very well with our sourcing system and are very happy with broker reaction and take-up to date.”
