Mutual Vision partners with Mortgage Brain for lending platform in Ireland
26 March 2018
UK, MARCH 26, 2018: Mutual Vision Technology, a provider of technology solutions for Building Societies and small banks, has partnered with Mortgage Brain for the development and distribution of its banking software platform for mortgage advisers in the Republic of Ireland.
Mortgage Brain’s, Mortgage Trading Exchange (MTE), will be integrated into Mutual Vision’s core solution allowing lenders in Ireland to achieve a wide broker distribution and a faster time to market. The joint innovative platform will enable lenders to originate new loans through brokers and manage the underwriting and loan servicing in one end-to-end solution.
George Webb, CEO of Mutual Vision, comments, “We have selected Mortgage Brain because it has the most widely used and preferred electronic trading software in the UK and Irish markets. Mortgage Trading Exchange (MTE) allows brokers to do business with lenders digitally and all from one place. The deep distribution capability in Ireland means that a lender can access the broker market very quickly and ramp-up loan volume.”
Providing a key role in the digital mortgage advice process, Mortgage Trading Exchange (MTE) is the industry’s largest single delivery channel for mortgage placement and has processed over two million mortgage transactions since its launch.
The platform provides a digital gateway between advisers and lenders allowing them to complete, submit, track and administer AIPs and Full Applications electronically.
Mark Lofthouse, CEO of Mortgage Brain, adds, “We believe that the Irish mortgage market is set for steady growth, particularly as housing supply is set to see a significant increase. Ireland is a natural market for us and we want to be ready for the anticipated entry of new lenders over the next few years.”
