Non-conforming lenders settle on Trigold

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Six lenders in the non-conforming mortgage market have agreed to jointly support a new module for Trigold's mortgage sourcing system Prospector AAA.

GMAC-RFC, Kensington, SPML, igroup, First National, and Mortgages plc, which account for 80% of the market, have picked the technology to meed their needs for a system that can deal with more detailed checks of clients matching products. Unlike standard mortgages, clients looking for non-conforming loans are less likely to seek the best interest rate, as against finding a product that allows them to borrow at all with, say, a number of county court judgements against their names. Be being able to deal with more complex patterns of factors, the system means intermediaries can use the n...

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