The integration will be launched later this month.
MBT said the combination would enable brokers to source by affordability, rate, criteria and even current service levels depending on their client’s priority.
According to its website MBT has 65 lenders available through its residential and buy-to-let affordability sourcing, including four of the big six.
In February MBT added a free text criteria search function to its affordability offering, taking criteria details directly from more than 100 lenders’ online guides.
Meet client priorities
MBT CEO Tanya Toumadj said: “This partnership with Iress gives brokers greater control over the way they research and source the best product for their clients.
“So, for example, if borrowing as much as they can afford is the main priority for a client, followed by controlling monthly payments, a broker can research affordability first and then filter the results based on the rate and monthly payment.
“Having everything in one place is going to make the process so much easier.”
Also in February, Iress announced a partnership with Knowledge Bank that integrated its criteria search facility into the Iress Xplan platform.
Dave Miller, executive general manager of commercial at Iress, said: “Access to comprehensive yet timely research is an important part of the mortgage process, with brokers required to consider a wide range of factors when making recommendations.
“This is where technology can help make life easier and partnerships such as this with Mortgage Broker Tools are great news for brokers, as they provide a way for providers to work together to improve speed and efficiency.”
