Distributor TFC Homeloans has launched a specialist sourcing tool called QuickSearch powered by APAC Systems.
Using the tool – which has been tested for a year – brokers can answer 20 questions about their client’s details and needs before comparing all specialist product types in one place including mortgages, second charge loans, bridging finance, commercial mortgages and buy-to-let.
Brokers can use the tool to compare whether a second charge mortgage is more appropriate than a remortgage.
Nigel Payne, TFC’s managing director, said: “For the last year TFC has been quietly testing this incredible technology, which is far more advanced than anything else in the market. Now we are making QuickSearch available to our brokers, completely free of charge, to guide them to the most suitable choice for their specialist clients.
“When a lead is hot, brokers need a result within minutes, not hours, and QuickSearch gives you that certainty to proceed. At that stage you can submit the case to TFC and we will verify the details before going to a full DIP.
“If you are assessing your specialist sourcing needs, and want tried and tested technology, try it out for yourself.”