Mortgage Brain reports 2012 growth
Mortgage technology provider Mortgage Brain has reported increases in each area of its business over the past 12 months.
MortgageBrain, the company’s mortgage sourcing system, drew 43 per cent more users compared to the previous year. The Key, Mortgage Brain’s point-of-sale, compliance and CRM system, increased its market share by 35 per cent since the end of 2011.
As well, electronic trading platform Mortgage Trading Exchange recently revealed a 21 per cent increase in the number of mortgage transactions processed via the platform compared to this time last year.
Mark Lofthouse, chief executive officer of Mortgage Brain, said: “The UK mortgage market has gone through a traumatic time and, whilst the last two years have been more stable, it is still proving difficult and challenging for everyone involved.
“Without a doubt the intermediary mortgage market remains our prime focus and with further investment and development of our technology and service offerings, we’re looking forward to building on this success throughout 2013 and beyond.”