Mortgage Brain unveils second charge sourcing system

Mortgage Brain has announced its new whole-of-market secured loans sourcing system LoansBrain.

The mortgage technology solutions provider said the new online system, which is available now and free to all, allows brokers to source a range of products from the UK’s leading secured loan lenders.

LoansBrain offers quick and detailed second charge sourcing and allows brokers to choose to advise clients on the best products available.

Or they can simply forward a client’s details to the master broker who will then manage the advice and application process.

Mark Lofthouse, chief executive of Mortgage Brain, said: “As a business we have seen many major regulatory changes and have worked hand-in-hand with brokers and lenders to provide market-leading technology solutions.

“We did it in 2004 with the introduction of regulation on MDay and we did it again in 2014 with the new MMR rules.

"With the launch of LoansBrain and enhanced MortgageBrain sourcing, we are doing it again with the Mortgage Credit Directive.”