mte was used to process over 230,000 mortgage transactions during the past 12 months.
Mark Lofthouse, CEO of the Mortgage Trading Exchange, said: “These latest figures further demonstrate the true business value derived by brokers who use the mte.
“To see such an increase in mortgage transactions during a particularly static period in the UK mortgage market is a fantastic achievement and testament to the platform’s unique capabilities in delivering a fast, efficient, compliant and ‘right first time’ mortgage application process for all concerned.”
The mte, which is available free-of-charge to all mortgage intermediaries, integrates with the leading point-of-sale systems to improve efficiency and ensure compliance. It is supported by the UK’s leading lenders with AIP requests and applications being received directly into lenders’ systems and responses typically received in less than a minute.
The platform, which is also available as a ‘standalone’ solution, was recently enhanced to provider brokers and lenders with a host of new features and functionalities, including a new document ‘scan and attach’ function, improved case tracking capabilities, a ‘fast track’ facility and standalone product reservation.
