Tenet has become the first mortgage network to partner with TrackerHub, the referral tracking platform that was launched earlier this year.
With TrackerHub, advisers will pay a license fee to have access to a dashboard that gives updates on how referrals are progressing.
Mortgage advice firms will be able to use the system for invoicing and introducer analytics. The platform will also enable the tracking of products for brokers.
After picking up the lead, the dashboard of real time data lets the adviser follow it through the four stages of its process: submission, valuation instructed, mortgage offer, and completion.
TrackerHub was set up by broker Graham Wilson (pictured) to let him monitor exactly how cases were progressing and the commission received after he noted spreadsheets tracking referrals had spiralled out of control at his firm.
A spokesperson for Tenet said: “Until now, advisers have kept details on spreadsheets of how cases are progressing, but that’s a clunky way to keep track of information.
“Using the TrackerHub platform means you won’t have to get on the phone anymore to find out where cases are, as all the information will be in one place. It will makes advisers’ lives easier and business more transparent.”
TenetLime managing director Simon Broadley, added: “Technology is increasingly being used to link up a fragmented mortgage process and TrackerHub offers a platform to bring transparency to the referral process, via shared real time data for both advisers and introducers.”
Graham Wilson, director of TrackerHub, said: “Tenet recognises the importance of bridging the introducer and adviser gap and I am positive that the system and our plans for an iOS and android app will enhance the experience for both parties.
“TrackerHub offers an extension to the broker business that is greatly needed in the current market and we’ve had great feedback from users to date.”