The Mortgage Trading Exchange breaks £100m

Commenting on this success, Mark Lofthouse, CEO, Mortgage Brain said, “This landmark figure shows that The Mortgage Trading Exchange has been received very favourably by the market and is becoming an instant hit. Mortgage introducers can now share in the e-trading advancements of slicker business processing at no charge and are taking this opportunity to provide an even better service to their clients.”

Over 25,000 Introducers who use Mortgage Brain and Mortgage 2000 have the ability to submit mortgage cases to Alliance & Leicester, Halifax, Nationwide and Northern Rock with Bank of Scotland, Natwest, Royal Bank of Scotland, UCB and Woolwich following over the coming months.

The Mortgage Trading Exchange is the premier electronic trading platform available to mortgage introducers in the UK, allowing them to complete and electronically send mortgage AIP’s/DIP’s and full applications directly into lenders back office systems - with responses being sent back in minutes.