Mortgage Brain buys MortgageStream
Share
Mortgage Brain has agreed the terms to acquire point-of-sale and case management system provider MortgageStream.
It expects to complete the acquisition in the next few months for an undisclosed sum.
Mortgage Strategy revealed earlier this month that Mortgage Brain’s unsuccessful attempt to buy TrigoldCrystal earlier in the year had not dampened its enthusiasm to acquire other firms.
Mark Lofthouse, chief executive officer of Mortgage Brain, says: “This acquisition means that one in eight mortgage firms that are authorised to sell mortgages will be using the Key or MortgageStream.”
Paul Holden, sales director at MortgageStream, says: “In the last 12 months we have launched a new version of our system and continued to expand into fresh markets. We are delighted to reach this agreement with Mortgage Brain.”
If you enjoyed this article, sign up here to receive daily email updates from Mortgage Strategy and Follow @mortgagestrat
