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MortgageLink is linked with MTE

Network Data has integrated its MortgageLink intermediary point-of-sale mortgage sourcing system with the Mortgage Trading Exchange to deliver integrated electronic trading solutions to its appointed representatives and directly authorised users.

The integration allows MortgageLink users to benefit from trading electronically with leading lenders through the MTE.

Mark Lofthouse, chief executive officer of MTE, says: “The driving force behind the MTE has always been partnership to deliver a fast and efficient service for intermediaries to transact mortgage business with lenders more efficiently through technology.

“We are delighted Network Data has selected the MTE as its mortgage trading platform partner.”

Richard Griffiths, managing director of Network Data, says: “We are committed to providing our ARs and directly authorised users with the best software tools to enable them to operate in the most efficient manner.

“The MTE is the only common trading platform for e-commerce between intermediaries and lenders and ensures applications are delivered right first time.

“Our MortgageLink users can now submit applications and expect a near immediate response.”


Furness in distribution deal with MPLC

Furness, the North-West based mutual lender, has further developed into the sub-prime sector by announcing a distribution agreement with Mortgages PLC.Under the terms of the deal Furness will market the entire MPLC product range to intermediaries using jointly branded marketing and promotional material. A specialist team has been set up within the Furness Direct operation […]

MTE standalone user base grows

A further 8,000 copies of Mortgage Trading Exchange standalone are to be issued in the next few weeks. The success of MTE standalone comes after Mortgage Strategy’s MTE for All campaignMark Lofthouse, CEO at Mortgage Brain, says: “Prior to the launch of MTE standalone, 3,000 introducers requested an advance copy. Of these, 86% were Trigold […]

BoE releases mortgage figures for September 2005

The Bank of England today released its mortgage figures for September 2005, which show a steady increase in the market for home loans. Total net lending to individuals in September increased by 9bn, broadly in line with the 8.9bn increase in August and the previous six month average. Within the total net lending secured on […]

FSA appoints vice-chairman of Consumer Panel

The Financial Service Authority today announced the appointment of Adam Phillips as the vice-chairman of the Financial Services Consumer Panel.Philips will take over the role from November 1. His predecesor Dianne Hayter stood down at the end of September 2005. Callum McCarthy, chairman of the FSA, says: “I would like to welcome Adam to his […]


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