You are here: cherry > Press releases for December 2017 > Over 2 million digital transactions processed by Mortgage Trading Exchange (MTE)

07 December 2017

Providing a key role in the digital mortgage advice process, Mortgage Trading Exchange (MTE), the industry’s largest single delivery channel for mortgage placement, has processed over two million mortgage transactions since its launch.

Developed by technology and software solutions expert, Mortgage Brain, Mortgage Trading Exchange provides a digital gateway between advisers and lenders allowing them to complete, submit, track and administer AIPs and Full Applications electronically.

Fully compliant, fast, free and simple to use, MTE is designed to be used as part of the digital adviser journey and provides immediate decisions direct from lenders without the need to re-key any information.

The platform integrates with the leading point-of-sale and CRM systems and is supported by the UK’s top lenders who account for over 60% of mortgages provided by mortgage advisers.

Mark Lofthouse, CEO of Mortgage Brain, comments, “To reach such a landmark figure is a fantastic achievement and is a firm indicator that MTE continues to lead the field in offering a faster and more efficient way for advisers to digitally submit and process applications in the mortgage industry.”