Target Group launches new mortgage originations system

Target has carried out workshops with brokers, lenders, conveyancers, surveyors and borrowers.

Related topics:  Mortgages
Rozi Jones | Editor, Barcadia Media Limited
4th October 2023
mortgage tech fintech
"Because we know that things don’t stand still, we have also built in the ability to update the Mortgage Hub at speed, so we can be highly responsive to lenders’ changing needs."

Target Group is officially launching its new mortgage originations system, Mortgage Hub.

In development for the past two years, the system can be used by both lenders and brokers to place a mortgage.

Both the lender and broker can get a single view of what is happening on every case without the need for extra emails, phone calls, notifications or chasing.

Mortgage Hub removes the need for re-keying and will link with other systems and platforms including panel managers, CRM systems, product, and criteria sourcing systems.

Katie Pender, managing director at Target Group, said: “We thought carefully about the design of the Mortgage Hub to make it as easy to use as possible. It has been a long time in development and pilot in order to ensure that it is as close as possible to what people throughout the mortgage industry say they need to make their lives easier. This means the process is now simpler and quicker for borrowers and all involved.

“Because we know that things don’t stand still, we have also built in the ability to update the Mortgage Hub at speed, so we can be highly responsive to lenders’ changing needs. This also means we can update it quickly as the economic environment changes. There have been so many sudden changes in our market in the past few years with the pandemic, stamp duty holidays and the fallout from the Liz Truss budget, we wanted to be able to respond to any other potential future events instantly and with the Mortgage Hub we can.

“Our key goal is to change the way customers feel for the better, be that lenders, brokers, conveyancers or the end borrower. We believe our Mortgage Hub does that.”

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