Mortgage Magic has introduced a streamlined subscription plan for small and independent mortgage broker firms to access its platform.
The Sourcing Only plan has basic case management, and the firm said it would allow advisers to use its sourcing engine, powered by artificial intelligence (AI).
Mortgage advisers will also be able to access its compliance tracking function without the usual cost barrier or onboarding delays of getting onto the full system.
Mortgage Magic said the best mortgage technology was usually reserved for large networks and packagers with the budget for complex software integrations, leaving small and independent firms reliant on legacy systems and having to track cases on separate spreadsheets.
The streamlined plan also includes self-serve onboarding for advisers so they can sign up and use the platform instantly.
Mortgage Magic said that by removing upfront requirements and offering flexible pricing, independent advisers could remain competitive and deliver faster, accurate client outcomes.
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Tanjir Sugar, CEO of Mortgage Magic, said: “Smaller brokerages deserve the exact same sourcing firepower as the largest national networks, without the heavy administrative lift or the enterprise price tag.
“We realised that many independent brokers want our AI sourcing, but they also need a simple way to track the resulting case. They just do not want to undergo a full business migration to get it. This new plan gives them exactly what they asked for: powerful sourcing, essential case management, zero onboarding delays, and a price point that makes sense for a growing firm.”
Earlier this month, the firm unveiled an integrated remote Know Your Customer (KYC) process.