This development means Orbiter is moving towards becoming a common trading platform rather than a sourcing system.
Andrew Brown, Managing Director of Orbiter, says: “It is impossible to overplay the significance of this development. It is another step towards our aim of delivering a common trading platform to the industry’’
Brown continues: “When an adviser asks what value Orbiter can offer them, we are now in a position to paint them a picture of virtual utopia. Our system will now work in the background carrying out affordability checks with the lender without the broker lifting a finger and deliver the results back in Orbiter. I would urge brokers to register and see this in action, they are going to see the future of sourcing systems.’
The Orbiter system lists the products of over 120 lenders, enabling virtual whole of market advice to be offered. It is online and is updated 4 times daily, ensuring it is constantly up to date. It also provides its users with full details of non intermediary products available direct to lender enabling a true whole of market picture to be obtained.
Robert Kelly, Group IT Director at Orbiter, says” "Orbiter is doing exactly what IT should be doing – it is increasing an adviser’s productivity. This new feature allows the adviser to do so much more without a single extra key press or button click. We recently tested the system against a major sourcing engine in the market and found it to be nearly 6 times faster when sourcing a basic mortgage case and obtaining an affordability pass from a lender. Most importantly this is not paper talk of the future, this is live and available today."
Advisers looking to access the Orbiter system can do so now at www.orbiteronline.co.uk.
The lenders whose affordability calculators are currently linked to Orbiter are:
Abbey National
Hinckley & Rugby Building Society
Alliance & Leicester BTL
HSBC
Alliance & Leicester Prime
IGroup
Astra
ING Direct
Bank of Scotland BTL
Intelligent Finance
Bank of Scotland Mainstream
Melton Mowbray Building Society
Bank of Scotland SC
Monmouthshire Building Society
Barnsley Building Society
Nationwide
Beacon Homeloans
Northern Rock
Beacon Homeloans BTL
Norwich & Peterborough
Cambridge Building Society
One Account
Cheltenham & Gloucester
RBSIP
Cheshire Building Society
RBSIP NatWest
Darlington Building Society
RBSIP The One Account
Derbyshire Building Society
Scottish Building Society
RBSIP First Active
Standard Life
First Active
The Mortgage Works BTL
First Direct
The Mortgage Works SC
First National
West Brom
Giraffe Money
Woolwich
Halifax
