More than 500 brokers and financial advisers have adopted Mortgage Brain’s new conveyancing service in the first few months after it went on release.
Online system ConveyancingBrain is free of charge and designed to offer all mortgage brokers an additional complimentary income stream.
Around 50 brokers a week are signing up to the new system, which features a simple one-step registration and login process.
It gives brokers instant access to conveyancing quotes, online access to reports and the ability to manage ongoing cases.
Mark Lofthouse, chief executive of Mortgage Brain, said: “The system offers brokers a safe and trusted process and with swift commission payments of up to £300 per case and a panel of solicitors that all have Conveyancing Quality Scheme accreditation.”
ConveyancingBrain enables brokers to obtain a range of conveyancing quotes including property sale, purchase, sale & purchase, re-mortgage and transfer of equity.
All quotes are automatically saved on the system and valid for 21 days and brokers have the flexibility to adjust what they want to earn on individual quotes.