Twenty7Tec launches seamlessly integrated product, criteria and affordability search

March 10th, 2021

 

Twenty7Tec launches seamlessly integrated product, criteria and affordability search

 

Leading mortgage technology provider Twenty7Tec, today announces that it has built a seamlessly integrated search facility for mortgage product, criteria and lender affordability calculations, delivering a single set of results across all three areas of eligibility, from one single platform.

This new solution, known as SOURCE Plus enables advisers to begin the advice journey in any of the three areas of eligibility (product, criteria or affordability), entering 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, whilst the affordability element has been seamlessly integrated into the CloudTwenty7 platform using Experian’s Affordability module, which provides affordability results from lenders via API.

SOURCE Plus will be available to all existing subscribers of the CloudTwenty7 platform, at an additional monthly cost of just £3 + VAT per user per month, continuing Twenty7Tec’s commitment to supporting advisers through the Covid-19 crisis by delivering market leading technology, at the best possible price.  SOURCE Plus will be available from the 5th of April.

 

Phil Bailey, Sales Director of Twenty7Tec 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”.

Bailey continued “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”.

 

Lisa Fretwell, Managing Director of Data Services, at Experian 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”

 

About Twenty7Tec:

 

Twenty7Tec’s CloudTwenty7 platform is designed to make the process of searching, applying for and obtaining a mortgage simpler, faster and more efficient. The platform is used by all participants in the mortgage market, from lenders to mortgage advisers, to comparison sites and even end customers.

 

About Experian

 

Experian is the world’s leading global information services company. During life’s big moments – from buying a home or a car, to sending a child to college, to growing a business by connecting with new customers – we empower consumers and our clients to manage their data with confidence. We help individuals to take financial control and access financial services, businesses to make smarter decisions and thrive, lenders to lend more responsibly, and organisations to prevent identity fraud and crime.

 

We have 17,800 people operating across 45 countries and every day we’re investing in new technologies, talented people and innovation to help all our clients maximise every opportunity. We are listed on the London Stock Exchange (EXPN) and are a constituent of the FTSE 100 Index.

 

Learn more at www.experianplc.com or visit our global content hub at our global news blog for the latest news and insights from the Group.

 

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