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3,000 Brokers pre-register for standalone MTE

The Mortgage Trading Exchange says almost 3,000 brokers have pre-registered for its standalone system, primarily thanks to Mortgage Strategy’s MTE For All campaign.

Following a successful pilot and an unprecedented level of pre-registrations, common trading platform MTE is now available to all introducers.

Regardless of what sourcing or point of sale systems they use, brokers can trade electronically with most lenders from one place.

Mark Lofthouse, chief executive of the Mortgage Trading Exchange, says: “Our goal with MTE was to enable every mortgage introducer to complete electronically and transact mortgages with most lenders.

“With the MTE standalone we have been able to achieve this. The success of the platform has been phenomenal. It is used by thousands of introducers who send more than 3,000 transactions per week, representing around 20bn worth of mortgages per year.”


Sub-prime market in crisis

Carl Wright, managing director at Cartel, is warning that the sub-prime market is in crisis, and runs the risk of becoming the next big miss-selling scandal.The recently announced Financial Service Authorities investigation into the market he says will uncover how a significant number of brokers are miss advising clients to take out sub-prime mortgages, when […]

We should pressure the IFS to provide a better service with its exam materials

From John Rattigan Having just gone through the recent updates to CeMAP issued by the Institute of Financial Services, I am writing to express my frustration. I don’t know if it’s just me and the updates I have received or whether others in the industry who use CeMAP are having a similar experience. I would […]

Self-cert rates could go even lower

The mortgage industry’s long run of success is down in good part to consumer confidence plus highly competitive product offerings. To paraphrase Harold Macmillan, the mortgage customer has never had it so good. The range and depth of product lines on offer are truly staggering. Today, more mortgages are being approved via innovative and competitive […]

LIVE FROM JEREZ: Intermediary v high street war needs ceasefire

Intermediaries do not have to directly compete with lenders going direct to consumers through high street branches and can instead form strategic relationships.Speaking at a debate at Mortgage Strategys Mortgage Summit in Jerez, Larry Banda, head of mortgages at Nationwide, says nobody will benefit from the battle between the distribution channels.Landa told delegates: There is […]


Employers fined £52,500 for auto-enrolment failings

By Jamie Clark, Business Development Manager The Pensions Regulator (TPR) has taken the step of naming and shaming employers that have been served County Court Judgments (CCJs) for non-payment of auto-enrolment fines. We take a look at what this means for employers, their employees and advisers Shamed into action? Sixty-four employers have been served CCJs […]


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