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01 September 2023

Mortgage Broker Tools (MBT) has now processed more than one million cases through the affordability-first research platform.

The one millionth case was run by Joe Lund from The Connells Group. The case was a 95% LTV Home Mover, the lenders’ affordability results ranged from ~£120k to ~£225k with a few top lenders not able to lend.

MBT launched in 2019 as the first technology platform to recognise the significance of specialist affordability sourcing in the mortgage market. It provides brokers with an affordability-first research platform that delivers them accurate results across affordability, criteria, product rates and now also credit status. Results from all lenders are delivered in under a minute, with no approximations or estimates.

With its focus of delivering accurate results, MBT has been named the Best Affordability Tool Provider on six consecutive occasions by the Mortgage Lender Benchmark from Smart Money People, which is based on more than 3,500 pieces of in-depth qualitative and quantitative feedback from more than 750 brokers.

MBT has also harnessed its wealth of data from more than a million cases to launch a predictive mortgage modelling tool that empowers lenders to best build, price and deliver improved mortgage propositions.

MBT Sandbox helps lenders make smarter product, pricing, criteria and affordability decisions using advanced analytics utilising real-time data, taking a structured analytic approach to predict outcomes, based on multiple factors that impact choice when it comes to selecting a mortgage.

Tanya Toumadj, CEO at Mortgage Broker Tools, says: “At MBT, we recognise that recommending the right mortgage for a client is based on a complex combination of factors that best fit their circumstances and requirements, with affordability being a critical consideration.

“So, we developed MBT to provide the most accurate affordability-first research platform available in the market, and it continues to go from strength-to-strength.

“Processing our one millionth case is a big milestone. It’s evidence that a huge number of brokers value the accuracy of results we are able to deliver. And, with every case processed through MBT, the data available to lenders to enhance their propositions with our Sandbox technology becomes even richer. This means that every day, MBT plays an increasingly crucial role for both brokers and lenders, helping a growing number of customers to achieve the right mortgage to help them achieve their objectives.”