Financial market technology firm Iress has released an advice module for its XPlan Mortgage solution.
The new module contains all the core functions required for the mortgage advice process, as an extension to the Trigold mortgage sourcing module.
It claims to provide added functionality to let advisers gather all the relevant information and manage each individual case in a single, connected system.
Key additions include a dashboard summary of the case, client and activity, along with generation of the record of suitability, enabling the adviser and consumer to track and understand the advice given.
The XPlan Mortgage solution was launched at the end of July, part of Iress’ multi-million pound investment programme in its UK mortgage product offering across advice, research and application processing.
Andrew Simon, executive general product manager at Iress, said they were dedicated to continually strengthening the products given to advisers and the functionality needed to run their businesses.
“The new advice module works seamlessly with the existing sourcing module to give intermediaries the flexibility of anytime, anywhere access to clients’ cases and mortgage sourcing.
“Its dashboard summary eases the ever increasing burden of compliance, enabling advisers to dedicate more time to actually advising their clients rather than administrative tasks,” he added.
Mr Simon previously told FTAdviser with all the data is in one place, it is more effective for brokers, more engaging for clients “and gives us the ability to cross sell easier.”
Integration with Iress’ protection sourcing exchange will be the next stage, with protection quotes put together in the background, using information gathered during the fact find and while sourcing the mortgage, then included in the total cost summary.
This was something Mr Simon suggested is better than having to go through an additional sale, “and should also help with meeting affordability criteria”.
peter.walker@ft.com
