Its suite of technology solutions encompassing mortgage sourcing, point-of-sale and compliance and electronic trading, have all increased their market share and contributed to the continued growth and success of the business.
The new MortgageBrain, the company’s most innovative mortgage sourcing system, dominated the sourcing market in 2012 witnessing a 43% increase in user numbers over the past 12 months.
The Key, Mortgage Brain’s point-of-sale, compliance and CRM system, performed equally well having seen a 35% increase in its market share since the end of 2011.
Additionally, the Mortgage Trading Exchange (mte), the industry’s only true electronic trading platform, recently announced a 21% increase in the number of mortgage transactions processed via the platform compared to this time last year.
Mark Lofthouse, CEO of Mortgage Brain, comments:
“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.
“Despite the downturn, however, we’ve succeeded, once again, in becoming the only mortgage technology provider to attract new users and increase market share across all areas of the business.
“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.”
2012 also saw Mortgage Brain expand its suite of technology solutions. In March it completed the acquisition of MortgageStream, a Desktop based CRM and case management system, meaning that its business management and compliance solutions are now the most used and preferred systems in the market.
In the same month it also launched its unique mobile application. Available on the iPhone, iPad and Android devices, the app, UKmortgages, is the first of its kind in the industry and supports brokers’ sales channels by promoting them to consumers via new generation mobile applications and is an effective ‘yellow pages’ for brokers.
This was followed in October 2012, with the announcement of the forthcoming launch of the industry’s first iPad sourcing app for brokers. Designed for use by brokers during the initial stage of the point-of-sale process, the app, scheduled for launch at the start of 2013, will enable them to conduct a quick and thorough whole-of-market mortgage search and selection process for their clients.
