Iress has today (29 July) launched a new product for mortgage intermediaries, XPlan Mortgage, as part of a multi-million pound investment in its UK mortgage offering across advice, research and application processing.
The financial markets technology supplier is aiming to streamline the end-to-end mortgage sales journey for advisers, making it easier to research, recommend and apply for mortgages on behalf of their clients.
The new product provides integrated workflow across advice, mortgage sourcing, activity management and protection. Intermediaries will have the flexibility to select from a range of modules which best fit their profile and individual requirements, or benefit from the efficiency gains of a single solution.
Initially being launched with the Mortgage Sourcing (Trigold) module, intermediaries can compare multiple mortgage products, generate key financial indicators and use a range of interactive tools designed to help explain the impact of overpayments, interest rate and term changes to a client’s mortgage.
Further modules will be launched later in the year, including integration with Iress’ Exchange for Protection Sourcing, making it easier for advisers to meet any protection needs of their clients.
Xplan Mortgage is cloud-deployed and provides multi-device and cross-platform access, meaning users will be able to access information for clients on the go via mobile or tablet devices, before following up in the office.
Trigold Prospector users will be able to choose whether to use the XPlan Mortgage Sourcing module, Trigold Prospector, or both, at no additional cost.
Andrew Simon, executive general product manager at Iress, explained that the product was developed in response to the growing demand from advisers for online and multi-device capability.
“We are committed to supporting the evolving needs of mortgage intermediaries, making it easier for them to advise on and sell mortgage products.
“Advisers want flexibility, and our unified solution matches this need, providing the flexibility to utilise as many or as few optional modules as wanted to best match the personal requirements of the user,” he commented, adding that they have already seen the efficiency gains in pilot user groups.
peter.walker@ft.com
