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.”