The online sourcing system for mortgage loans called “Affordability Hub”, set up by Mortgage Brain, has passed the milestone of 30 lenders, with the company indicating that it has 32 lenders using the system.
The most recent addition to its platform is Leeds Building Society. Affordability Hub was set up to enable mortgage advisors to input client data such as debt and income into a standard online form, which is then run through every lender’s affordability calculators. Advisors get the necessary information about loans that the client can afford from each lender inside 60 seconds.
Anyone can opt to sign up for Affordability Hub, although those who are already members of the Mortgage Brain Criteria Hub system get signed up to the hub without having to pay for a further subscription.
Speaking to Financial Reporter about the decision to sign up for the service, Leeds Building Society’s Intermediary Distribution Head, Martese Carton, stated that the company was committed to the benefits of new technology for those intermediaries that it works with.
Neil Wyatt from Mortgage Brain said the company was pleased to see the building society become the newest addition to the system, and that advisors had expressed positive opinions about it, before adding:
“It’s encouraging that more and more lenders are recognising the value of this sourcing option, enabling us to exceed the 30-lender milestone so quickly.”
It is not difficult to see the benefits that this offers to the top mortgage lenders on the market, but also to advisors with CeMAP training.