businesswoman 3

Twenty7Tec criteria integration announced by Newcastle

March 20, 2022 by Alan

Newcastle Intermediaries has announced that its mortgage affordability criteria will be integrated with the SOURCE module from Twenty7Tec, making product choice simpler for advisors.

This decision comes in the wake of the partnership that Newcastle Intermediaries recently launched with Experian. This was intended to ensure that advisors are able to get product affordability calculations that have a greater degree of accuracy on behalf of their clients in the initial part of an application. The lender is stating that the Twenty7Tec integration will make the job of locating a suitable mortgage product quicker and easier.

The SOURCE module created by Twenty7Tec contains a wealth of data covering affordability, criteria and available mortgage products from a range of different lenders. It was built to streamline the process of finding the best mortgage for each client.

Speaking to Financial Reporter, Newcastle Building Society’s Intermediary Mortgages Head, Franco Di Pietro, said:

“We’re making a significant investment into our digital capability and this further integration with Twenty7Tec is another way we’re transforming our mortgage process to make business even easier for brokers.”

Di Pietro then added that the inclusion of affordability criteria would really make the early part of mortgage applications speedier and simpler, as well as reducing uncertainty for advisors and their clients.

Nathan Reilly from Twenty7Tec added that mortgage advice involved working out product availability, criteria and affordability and now all could be completed through one platform.

Advisors with CeMAP training are often very busy, so integrations that reduce the mortgage application process workload are always very welcome news.

Written by

Alan
Alan

You may also interested in:

AI advisor solution launched by Platform

Platform REalyse has announced the launch of an innovative new solution for mortgage advisors powered by artificial intelligence.

Mortgage advisor app introduced by Air

Air has announced the launch of a brand new support app for mortgage advisors, which is designed to help them stay on top of the latest developments within the equity

Two more specialist lenders sign up with mortgage networks

Another two of the UK’s specialist mortgage lenders have announced their decision to sign up with mortgage networks, in the shape of Moda Mortgages and Market Financial Solutions (MFS).