Scottish BS and Mortgage Brain launch affordability calculator
The Scottish Building Society and Mortgage Brain collaborated to launch an Affordability Calculator.
The calculator is available on the Scottish Building Society website for intermediaries.
If the intermediary chooses not to enter details in the expense fields of the calculator, the lender will automatically assess the case based on data from the Office for National Statistics (ONS).
Leeds Building Society goes live on Submissions Brain
The Scottish Building Society has also been added to Affordability Brain, Mortgage Brain’s affordability-based sourcing solution, and Criteria Brain, which enables middlemen to source products for their customers based on the criteria of their case. .
Stephen Brown, Head of Intermediaries at Scottish Building Society, said: âWe are delighted with the results of our collaboration with Mortgage Brain on this project.
âAffordability is always a key factor in any mortgage business, and we know that intermediaries want to give their clients a quick indication of what they can borrow.
âOur new affordability calculator makes it easier for them to do this. “
Neil Wyatt, Director of Sales and Marketing at Mortgage Brain, added: âAs experts in mortgage technology, we are always keen to work with industry colleagues to develop the tools and processes that can make a tangible difference. on the productivity and workload of intermediaries. , and make sure that the placement of cases is much smoother and easier.