Mortgage Brain has announced that it is making its Affordability Hub solution, which is designed to help mortgage advisors, available on a widespread basis after the trial launch proved a hit.
This solution makes life simpler for advisors by giving them easy access to the information needed to find their clients the mortgage that best suits their needs – product affordability, criteria and availability. The advisor just has to type in the relevant information about the client and the property in question and the data then goes to the affordability calculators operated by mortgage lenders, which determine the results.
These results include complete overviews of the amount a lender will be willing to offer and details of every part of their calculation of affordability. The latter is vital to ensure that advisors meet compliance regulations.
The first stage of the wider launch will see Affordability Hub made available to advisors who already access the Criteria Hub created by Mortgage Brain. Following this, those who use the Mortgage Brain Classic and Mortgage Brain Anywhere systems will be next to gain access.
Advisors who have already signed up to these tools will not have to pay any extra cost to use Affordability Hub and with so many of the major lenders already on Mortgage Brain, including Lloyds, NatWest, Nationwide and Barclays, it will make more sense to join up.
Just as completing a CeMAP mortgage advisor course is essential for advisors, this new solution could also prove to be just as important.
