View more on these topics

Mortgage Trading Exchange sees transaction volumes of over £5bn

Mortgage Brain and Mortgage 2000 have announced transaction volumes exceeding £5bn per year through the Mortgage Trading Exchange.

The companies say that MTE has fast become the favoured route for introducers to electronically submit mortgage applications and AIPs direct to lenders.

Mark Lofthouse, chief executive officer at Mortgage Brain, says: “To see so much transacted using MTE in such a short period of time is remarkable, and a credit to mortgage introducers. They&#39ve certainly embraced the opportunity to share in the e-trading advancements of slicker business processing and are finding they can now provide an even better service to their clients.

“With the advent of regulation we are confident that this electronic connectivity will only grow in use and importance as introducers switch on to an easier way to obtain key information and decisions.”

Recommended

FSA must highlight April 30 deadline, says ADMA

The Association for Direct Mortgage Authorisation says it is concerned that the FSA&#39s application discount, which was available until the end of March, attracted mortgage applications from only half of the mortgage firms who had applied for packs. It says that there is still some way to go in making sure that brokers who have […]

Skills Council proposals need a rethink

An open letter to the Skills Council from John EllisThe LIA welcomes the opportunity to comment on the proposals on modular exams set out in your March 17 letter. Qualifications and appropriate examsThe concept appears to be emerging in section eight of the consultation paper that the exams (FPC etc.) currently listed as approved by […]

MSN adds eight lenders to panel

Mortgage Support Network has added eight lenders to its panel of premier partners, paying some of the highest procuration fees available. The company says that while MSN has already confirmed to its existing members that appointed representatives the ability to access every lender and not a panel. However, it says it will continue to work […]

Charlie Bean reappointed to Monetary Policy Committee

Charlie Bean, executive director for monetary policy and chief economist at the Bank of England, has been reappointed as a member of the Monetary Policy Committee with effect from June 1 2004. The reappointment is for a further three-year term.

Newsletter

News and expert analysis straight to your inbox

Sign up