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In this guide
The Criteria Integration
A button linking to the criteria integration is included on the Sourcing tab, as shown below. A checkbox is visible adjacent to the button. The checkbox will be checked when filters have been applied and blank when filters have been switched off, or not chosen.
It is designed to be a level 2 filter to enable brokers to easily access the integration during the sourcing process to apply or deselect filters wherever necessary, without having to return to the Start/Home screen each time.
When selecting the criteria integration button, the user is launched into the Criteria Hub website. If you are an existing user, you can enter your email address and password. If you are not an existing user, there is a New User, Register Here option.
The criteria integration link takes the user straight into the Search screen, where there is the ability to select up to six filters using the options contained within the drop-down boxes shown in the following screens.
The criteria platform supports both residential and buy-to-let searches. Which search criteria is seen depends on the Applicant Type filter chosen within MortgageBrain Anywhere.
Once the filters have been selected, when pressing the Search button, the criteria platform will then display a list of lenders and their acceptance of the selected criteria. There are 4 categories that the lenders can apply to a criteria:
Pass with warning – users should read the warning to decide if their client may or may not fit
Fail outside policy – users should check the lender’s policy to decide if their client may or may not fit
Lender missing data – Criteria Hub awaiting underwriting criteria from the lender
To return this information back to sourcing, the user must select the Send search results to Mortgage Brain button. This closes Criteria Hub down and sends the data back into MortgageBrain Anywhere.
The filters are returned back to MortgageBrain Anywhere which displays a screen as shown below.
The screen confirms the filters used and a Lender Summary section. The filters can be applied to the mortgage search.
If the user wishes to amend or add to any of the filters, this can be done by selecting the Edit Filters button which will return the user into the criteria integration. Criteria Hub will remember the initially chosen filters allowing the user to add, delete or amend them.
If the user does not wish to apply any of the filters, this can be done by selecting the Clear Filters button which will remove the ticks from the filters but leave them visible on the screen.
The Help button within the Criteria Hub filters section explains the terminology used.
Continuing your sourcing within Mortgage Brain
When you source for results, there will be an additional column titled Criteria Match. The column contains amber warning triangles or green ticks.
The green ticks indicate that the filters have passed the lenders underwriting criteria.
An amber triangle indicates that the lender may have passed some filters, but others may have a policy warning which needs to be checked by the user.
The New Search function within sourcing allows the user to carry out different sourcing scenarios switching the filters on and off for each source if required.
Within the results screen, clicking on the Show Details button on the right-hand side of the screen will display a notes section which includes criteria information.
The filters are listed in the section and colour coded depending on whether they have passed or have warnings. By selecting each criteria in turn, it will change the information section to the highlighted filter, easily allowing the user to see the information provided by the lender.
The associated PDF document can also be viewed from here by clicking on View Criteria Hub Report. Having progressed through to the illustration documentation, the filters letter contains a list of the filters applied from the criteria integration.
The full supporting PDF document containing all of the lenders responses also accompanies the illustration documentation and is saved against the client file for compliance checking.