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Majority of lenders verifying data on Mortgage Brain

Lenders who account for over 75% of mortgages sold in the UK now verify their product details on Mortgage Brain.

Mortgage Brain delivered its product verification system, which enables lenders to proactively verify their product information on its mortgage sourcing system in January 2003. Since its launch introducers and lenders have instantly recognised the benefits of greater product accuracy and the certainty and confidence this offers.

Mark Lofthouse, chief exexcutive of Mortgage Brain, says: “It&#39s clear that lenders have recognised the added certainty that product verification offers to introducers in the build-up to Mortgage Day. It is good that such a wide range of lenders, both big and small, now proactively verify their mortgage product details.”


Mortgage Next follows MI lead

MORTGAGE Next has followed the lead of Mortgage Intelligence by offering intermediaries the opportunity to join for free until October 31 when FSA regulation starts. Mortgage Next, part of Freedom Finance, says it is waiving monthly fees for all intermediaries who submit a successful application to become an appointed representative. They can also trade under […]

Industry split on King&#39s comments

Bank of England governor Mervyn King&#39s comments last week on the precarious state of the property market have split the mortgage industry. Though many brokers feel King&#39s comments were a risky attempt to instigate a house price plateau, an increasing number welcome his opinions. Andrew Frankish, operations director at Mortgage Talk, heralds the remarks as […]

Lenders&#39 service is so poor it can affect a broker&#39s business

From Mike KingI agree with comments in the June 7 issue of Mortgage Strategy that there should be an awards event for lenders based on service. And I was interested to read the comments in last week&#39s letters page (Mortgage Strategy June 21) in relation to Northern Rock. I have five instances which replicate the […]

Countrywide announces strong start to year

Countrywide PLC has reported a strong start to the year with activity across all major parts of its business contimuing to grow. During the first six months of 2004 Countrywide says its the estate agency division has benefited from an increase in the number of sales being arranged compared to last year and at increased […]


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