Twenty7tec acquires mortgage affordability platform BrokerSense
By Gloria Methri
FinTech firm Twenty7tec has acquired mortgage affordability platform Broker Sense for an undisclosed sum. Founded by Stuart Phillips and Mark Spilsbury, Broker Sense helps mortgage advisers assess client affordability against lender rules, whilst ensuring that they recommend the correct lender as part of their research process.
By entering client data only once, users of the platform receive affordable results from nearly 100 mortgage lenders across both residential and buy-to-let sectors. The solution can also be integrated via API into other systems and efficiently supports the production of evidence of research documents.
The Broker Sense platform will be integrated into SOURCE, Twenty7tec’s mortgage research module. This will provide users with a single research solution for product, criteria, and affordability. Thus, supporting advisers in delivering the right recommendations for their clients.
James Tucker, CEO of Twenty7tec, said, “At Twenty7tec we continue to invest in platforms that ease the day-to-day processes for these advisers and have conducted a thorough review of the numerous mortgage affordability tools that have recently come to market. This acquisition is further evidence of our ongoing commitment to both acquire and deeply integrate technology that simplifies streamlines and digitises financial services. We believe that in Broker Sense, we have acquired a business that truly delivers a robust, technologically advanced solution that promises to enhance the advisory experience.”
Stuart Phillips, Managing Director of Broker Sense, added, “Twenty7tec has long been a market leader in the provision of technology solutions that make advisers’ lives easier. I am delighted that Broker Sense will now form part of the Twenty7tec suite of products, and the integration of our affordability solution into SOURCE will extend the depth and breadth of what is already a first-class research platform.”