Brokers call for sourcing systems to take KFI responsibility

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Mortgage brokers have called for lenders and sourcing systems to be solely responsible for the accuracy of key fact illustrations (KFI) in the latest Association of Mortgage Intermediaries survey.

The latest figures from Ami’s Mortgage Intermediary Census shows 57% of respondents believe sourcing systems should be responsible for the information provided in KFI documents. A further 39% say lenders should be responsible for KFIs generated from sourcing systems, with just 4% saying intermediaries should hold responsibility. While sourcing systems do not carry responsibility for the information they display, the majority of respondents still favour sourcing systems when generating KFIs. At least 52% of those questioned identify sourcing systems as their preferred method of obtaining K...

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