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The tool is also fully integrated with with Mortgages for Business' sourcing tool Bluesky.

Nick Blunt, head of business partner development for Mortgages for Business, said the tool had been demonstrated at the Mortgage Business Expo in Manchester last month and had attracted a lot of interest from new and existing Bluesky users.

Mr Blunt said: "This new tool is fantastic for our business partners because it provides a number of benefits that cannot be found elsewhere in the market. Our portfolio management tool not only pre-populates application forms, but it also allows the adviser 24 hour visibility of the entire packaging process, as well as offering plenty of extra applications to enhance the service they can offer their clients."

Bluesky was launched in January 2008 as part of the new business partner scheme launched by Mortgages for Business.

The portfolio management tool is an extension of Bluesky and it enhances Mortgages for Business' service offering.