Mortgage Brain’s Affordability Hub passes 30-lender milestone

Mortgage Brain has announced that its affordability-based sourcing system, Affordability Hub, now has 32 lenders live on the platform.
 
The mortgage technology expert’s sourcing solution, which formally launched in May, recently passed the 30-lender milestone and has now welcomed Leeds Building Society onto the platform.

Affordability Hub allows advisers to collate information on the property, income, expenditure and debt of a client through a single, standardised form, and then run it through the affordability calculators of participating lenders, with results delivered in less than a minute. 
 
The tool is available to the whole market and is complimentary to fully registered users of Mortgage Brain’s criteria-based sourcing system, Criteria Hub, as part of their existing licence. 
 
Leeds Building Society head of intermediary distribution, Martese Carton, commented: “Our focus on technology continues to support strong relationships with our intermediary partners.”
 
“Affordability Hub transforms sourcing, aiding the broker at one of the most critical points of the advice process, making it easier and quicker to get to the decision point and we’re delighted to be a part of this time-saving initiative.”
 
Mortgage Brain sales and marketing director, Neil Wyatt, said: “We are delighted to welcome Leeds Building Society on board. The feedback we have received from advisers about Affordability Hub has been fantastic.

“There’s no doubting that it is making a huge difference to their workloads, allowing them to quickly establish just how much their client will be able to borrow from lenders across the market.”

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