SmartrCriteria offers advisers 394,000 criteria outcomes from more than 95 lenders across the residential, buy to let and new build sector. Legal & General Mortgage Club also has plans to expand the system to later life lending and other sectors soon.
The system was trialled with four different mortgage broker firms including MSN, First Mortgage Direct, Springtide and Alexander Hall.
Legal and General Mortgage Club said it will continue to update the system and is keen to receive any feedback from brokers.
Kevin Roberts, director, Legal & General Mortgage Club comments: “It’s fantastic to see what great uptake SmartrCriteria has had in just one week. Searching for the right mortgage can be a timely process, so it’s great to see how by harnessing technology we can support more brokers to find the best mortgage for their customer and ultimately make their clients’ home ownership dreams a reality.
“At Legal & General Mortgage Club, we’re determined to do the heavy lifting for brokers, allowing them to focus more of their time giving good advice. This is just one of the steps we’re taking to improve the end to end mortgage journey and streamline applications.”