IRESS launches XPLAN Mortgage

29 July 2015

IRESS, the leading supplier of innovative technology for financial markets, wealth management and the mortgage industry today launches its new product for mortgage intermediaries, XPLAN Mortgage.

IRESS’ vision is to streamline the end to end mortgage sales journey for advisers and ultimately the end consumer, making it easier for intermediaries to, research, recommend and apply for mortgages on behalf of their clients.

The launch of IRESS’ XPLAN Mortgage forms part of a multi-million pound investment programme in its UK mortgage product offering across advice, research and application processing.

XPLAN Mortgage is a solution for intermediaries, providing an integrated workflow across Advice, Mortgage Sourcing, Activity Management and Protection Sourcing. Intermediaries have the flexibility to select from a range of modules which best fit their profile and individual requirements, or benefit from the efficiency gains of a single solution.

Initially being launched with the Mortgage Sourcing (Trigold) module, mortgage intermediaries can compare multiple mortgage products, generate KFIs and use a range of interactive tools designed to help explain the impact of overpayments, interest rate and term changes to a client’s mortgage. It caters for multiple mortgage requirements linked to the same client, creating efficiencies for buy-to-let cases.

Further modules will be launched in 2015, including seamless integration with IRESS’ Exchange for Protection Sourcing, making it easier for advisers to efficiently meet any protection needs of their clients through an integrated advice process.

XPLAN Mortgage is cloud-deployed and provides multi-device and cross-platform access, meaning users will be able to source and access information for clients on the go via mobile or tablet devices, and followed up in the office, maximising efficiency and maintaining consistency of data .

Trigold Prospector users will be able to choose whether to use the XPLAN Mortgage Sourcing module, Trigold Prospector, or both, at no additional cost.

Andrew Simon, Executive General Product Manager at IRESS, said: “We have developed XPLAN Mortgage in response to the growing demand from mortgage intermediaries for online and multi-device capability. We are committed to supporting the evolving needs of mortgage intermediaries, making it easier for them to advise on and sell mortgage products. Our XPLAN Mortgage product is central to this, and this first Trigold sourcing module will help improve the speed and efficiency of the mortgage sourcing process for our clients.

“Advisers want flexibility, and our unified solution matches this need, providing the flexibility to utilise as many or as few optional modules as wanted to best match the  personal requirements of the user. We have already seen the efficiency gains in our pilot user groups and are confident XPLAN Mortgage will prove to be a vital and differentiated tool in advisers’ toolkits.” 

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