Twenty7Tec has launched a new tool which allows brokers to source product details, criteria and affordability calculations in one search.

The new Source Plus function provides results across all three aspects of eligibility on a single platform, avoiding the need to rekey data.

The product and criteria elements of the solution have been built by Twenty7Tec, while the affordability element uses a module from Experian, which draws its results from lenders via application programming interface or API.

Source Plus will be available to all existing subscribers of the CloudTwenty7 platform from April 5 for an extra cost of £3 plus VAT per user per month.

Twenty7Tec sales director Phil Bailey says: “With our release of Source Plus, we have taken the integration of product and criteria one step further, adding affordability into the mix and enabling advisers to search across all three areas from one single set of client data, viewing combined results on one single screen. 

“Being able to offer a fully -integrated advice journey across all three areas of eligibility will become the industry standard, and we are delighted to have delivered this solution.”

Experian managing director of data services Lisa Fretwell says: “Brokers can often find themselves capturing customer data through multiple systems, which only slows down the whole mortgage process and leaves less time to provide much needed advice.

“Source Plus gives brokers access to quick, accurate and detailed affordability for lenders, making the process a lot more efficient.

“Importantly, more attention can be paid giving customers valuable guidance that can help make those home buying dreams become a reality.

“We’re excited to be working alongside Twenty7Tec to introduce the next generation of mortgage technology.”