Thousands of introducers now use the Mortgage Trading Exchange on a daily basis to electronically submit mortgage applications and AIPs, direct to lenders accounting for over 60% of all mortgage transactions in the UK. The ability to trade in a fully compliant fashion using the latest technology solutions has boosted the trading on the Mortgage Trading Exchange and seen transactions increase at an astonishing pace. And with more lenders due to go ‘live’ over the next couple of months, introducers will soon be able to trade electronically with lenders accounting for over 80% of all mortgages.
Commenting on the rapid and continued success the Mortgage Trading Exchange has enjoyed, Mark Lofthouse, CEO, Mortgage Brain said, “To see transaction volumes reach this level within such a short period of time is remarkable, and is a credit to mortgage introducers. They’ve certainly embraced the opportunity to share in the e-trading advancements of slicker business processing and are realising the benefits of providing an even better service to their clients.”
He added, “In a new era of regulation we are confident that this innovative service will continue to grow in use and importance as introducers switch on to an easier way to obtain key information and decisions.”
