Twenty7Tec has built a new seamlessly integrated search facility for its mortgage product, criteria and lender affordability calculations.
The mortgage technology provider said the function will deliver a single set of results across all three of these areas of eligibility, from one single platform.
The new solution, known as SOURCE Plus, will enable advisers to enter client data just once, before overlaying results from the other areas into one single results screen.
The product and criteria elements of the solution have been built by Twenty7Tec, while the affordability element has been seamlessly integrated into the provider’s CloudTwenty7 platform using Experian’s Affordability module – which provides affordability results from lenders via an API.
Twenty7Tec sales director, Phil Bailey, commented: “With our release of SOURCE Plus, we have taken the integration of product and criteria one step further, adding affordability into the mix and enabling advisers to search across all three areas from one single set of client data, viewing combined results on one single screen.
“Being able to offer a fully integrated advice journey across all three areas of eligibility will become the industry standard, and we are delighted to have delivered this solution.”
Experian managing director of data services, Lisa Fretwell, added: “Brokers can often find themselves capturing customer data through multiple systems, which only slows down the whole mortgage process and leaves less time to provide much needed advice.
“SOURCE Plus gives brokers access to quick, accurate and detailed affordability for lenders, making the process a lot more efficient. Importantly, more attention can be paid giving customers valuable guidance that can help make those home buying dreams become a reality.
“We’re excited to be working alongside Twenty7Tec to introduce the next generation of mortgage technology.”
Twenty7Tec confirmed that SOURCE Plus will be available to all existing subscribers of its CloudTwenty7 platform from 5 April.
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