Mortgage Broker Tools is planning to launch an integrated search function that will allow brokers to compare rate, affordability, criteria and current service levels in one place.

The new features are being developed in partnership with Iress and are set to launch later this month. 

It comes after Twenty7Tec launched similar functionality in conjunction with Experian.

MBT chief executive Tanya Toumad says: “This partnership with Iress gives brokers greater control over the way they research and source the best product for their clients. 

“With affordability, rate, criteria and service levels all available within one platform, brokers can choose how they research for a product based on their client’s priorities.

“So, for example, if borrowing as much as they can afford is the main priority for a client, followed by controlling monthly payments, a broker can research affordability first and then filter the results based on the rate and monthly payment. 

“Having everything in one place is going to make the process so much easier. 

“Plus, we have the largest panel of lenders for residential and buy-to-let affordability in the market, so brokers can be confident they are carrying out the most comprehensive research available.

“We believe that having a range of technology focused partnerships is vital to help all our customers carry out more comprehensive research, more easily. 

“We are very excited to have Iress on board and look forward to developing this partnership even further as we share a strong desire to deliver better customer outcomes.”

Iress executive general manager for commercial Dave Miller says: “Access to comprehensive yet timely research is an important part of the mortgage process, with brokers required to consider a wide range of factors when making recommendations. 

“This is where technology can help make life easier and partnerships such as this with Mortgage Broker Tools are great news for brokers, as they provide a way for providers to work together to improve speed and efficiency.”