Mortgage Magic has announced it is integrating credit reports for brokers to recommend the most appropriate product for their clients.

The new feature, which is supported by credit reference agency, TransUnion, will enable clients of brokers using the Mortgage Magic platform to obtain a credit report via the Mortgage Magic app or web client portal.

Consumers can complete their own fact find with accurate information from their credit file, enabling brokers to recommend the right product from the outset. Mortgage Magic suggested that the launch of this function means it is the first and only native client app that enables customers to complete their fact find and track cases in real time.

Mortgage Magic provides brokers with a comprehensive solution for running their business, covering all areas of the mortgage advice process, including sourcing, conveyancing, general insurance and protection. The cloud-based platform features a built-in CRM system, electronic ID verification, direct messaging and secure UK-based document storage.

The new credit reports integration will also allow Mortgage Magic to provide dynamic alerts that immediately notify customers of any changes or searches on their credit file, as well as a credit score simulator that helps educate customers on how they can improve their credit score.

Mortgage Magic director, Tanjir Sugar, said: “We are continually evolving the platform to add new features and functionality and this credit report enhancement is a big step in making it even easier for brokers to access accurate information, identify the best solution and spend more time doing what really matters – advising their clients.

“As brokers will have accurate credit data from the outset, they can recommend the right product for the client without mistake, enabling them to apply to the right lenders and eliminating chances of decline.”

Managing director of consumer interactive at TransUnion in the UK, Kelli Fielding, added: “We're delighted to be supporting Mortgage Magic as they drive innovation in the mortgage market by helping to make applications easier for consumers, as well as brokers, whilst also ensuring lenders have a robust view of an individual’s financial standing. That’s more important than ever in the current economic climate to help people access the finance that’s right for their needs.”

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