The app is available on the iPhone and will soon be made available on the iPad and Android devices.
Mortgage Brain said it has been designed to support brokers’ sales channels and promote them to consumers via new generation mobile applications.
The app is free of charge to consumers and includes a consumer facing mortgage search and selection capability, which features broker-only products.
Other features include a range of mortgage calculators and a ‘find a broker’ facility.
All brokers who use Mortgage Brain’s mortgage sourcing systems are entitled to be promoted within the ‘find a broker’ section, together with contact details and all leads and enquiries will be passed on, without any charge.
Mark Lofthouse, CEO of Mortgage Brain, said: “The app has been developed to drive business to brokers and will allow homebuyers to conduct high level mortgage searches of intermediary products only, use a range of mortgage calculators, and then, through our ‘find a broker’ facility, use GPS navigation to show and provide contact details for the nearest brokers.”
Lofthouse added: “The app offers intermediaries, at no extra cost, the opportunity to generate increased business levels by marketing themselves directly with financially informed, potential homebuyers, throughout the UK.
“The ‘find a broker’ capability is effectively a ‘yellow pages’ for brokers on mobile devices and will be a valued service for the next generation of borrowers.”
