Principality now live on MTE

Principality has become the latest lender to go live on the Mortgage Trading Exchange.

Electronic forms for KFIs, AIPs and full mortgage applications have now been created.

Mortgage Trading Exchange covers 27 lenders and packagers, and its availability to all mortgage intermediaries who are currently using the platform.

Mick McGuire, director of business development at Principality, says: “We launched electronic services to intermediaries earlier this year with our own extranet site, principalitybrokerpoint.co.uk. Partnering with the MTE was the natural next step for us to take, providing brokers with ultimate control of how they submit applications to us – all in a simple, straightforward and efficient manner.”

Mark Lofthouse, chief executive of the Mortgage Trading Exchange, says: “Over the last few months a multitude of new lenders have been added to MTE, and to see yet another high profile company such as Principality commit to our technology is further testament that the platform is the best solution for all concerned in the delivery of an industry wide common trading platform. Its endorsement of the platform is extremely welcome and we’re looking forward to building a long term business relationship with them.”