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Software firm completes MCD change

Software firm completes MCD change

 Twenty7Tec Group Ltd has confirmed that its systems are fully compliant with the Mortgage Credit Directive (MCD).

The software provider said changes to its mortgage, secured loan and bridging sourcing systems conform to the impending regulation and are now live.

Twenty7Tec said all lenders in MortgageSource switched to KFI+ production in January while those lenders who elected to use the ESIS alternative have now converted to ESIS production. 

Jorge Monte, Product Director, said: “We have been working tirelessly for the past 12 months to deliver the most comprehensive solution available to intermediaries operating in the post MCD world. 

“We are delighted to have completed this project.

“Our thousands of users have reacted well to the developments that we have completed and we look forward to announcing further enhancements to our systems shortly.”

MortgageSource is live in Twenty7Tec’s ‘standalone’ web based system, while those users who access MortgageSource via a CRM integration are being upgraded by their respective CRM partner. 

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