Mortgage Brain integrates second charge mortgage sourcing with firsts

Available on its Mortgage Brain Classic sourcing system, the new function gives advisers the option of comparing any appropriate first and second charge mortgage products, side-by-side, on one screen or one print out.

Advisers are given a choice as to whether they want to advise on second charge products and deal directly with the lender, or pass the lead to a master broker.

The system can compare as many products as the adviser wants in a given time period.

Mark Lofthouse (pictured), chief executive of Mortgage Brain, said: “The rise in popularity of second charge mortgage products continues and by integrating secured loan sourcing into our mainstream first charge sourcing systems, we’ve made it as easy as possible for advisers to consider second charge lending when discussing options with their clients.

The system is being rolled out to Mortgage Brain Classic customers and will be extended to Mortgage Brain Anywhere users by mid-2017.