Target Group is officially launching the Mortgage Hub, its state-of-the-art mortgage originations system.
Over two years in development, Target claims it is set to revolutionise the way that lenders and brokers place a mortgage.
It claims to be the only mortgage originations system built to be user-centric rather than product-centric, meaning it is intuitive to use.
The lender and broker users get a single view of what is happening on every case without the need for extra emails, phone calls, notifications or chasing.
Target spoke to brokers, lenders, conveyancers, surveyors, and borrowers at workshops and in-depth user testing; the firm also used behavioural scientists to design the user interface.
Mortgage Hub is a modular and highly configurable platform, allowing lenders the option to accept different releases with the associated functionality, or not.
Brokers and lenders need to key information only once and it will link with other systems and platforms including panel managers, CRM systems, product, and criteria sourcing systems.
Katie Pender, managing director at Target Group, says: “We thought carefully about the design of the Mortgage Hub to make it as easy to use as possible.
“It has been a long time in development and pilot in order to ensure that it is as close as possible to what people throughout the mortgage industry say they need to make their lives easier. This means the process is now simpler and quicker for borrowers and all involved.
“Because we know that things don’t stand still, we have also built in the ability to update the Mortgage Hub at speed, so we can be highly responsive to lenders’ changing needs.
“There have been so many sudden changes in our market in the past few years with the pandemic, stamp duty holidays and the fallout from the Liz Truss budget, we wanted to be able to respond to any other potential future events instantly and with the Mortgage Hub we can.”