View more on these topics

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 users. The remainder were predominantly additional copies for administrators.”

These 3,000 advance copies have now been dispatched and over the course of the next three or four weeks a further 8,000 will be distributed.

Lofthouse adds: “Electronic trading using MTE standalone has gone from nowhere to 5% in a matter of weeks and I expect this rate of growth to continue for some time.”

MTE standalone is free for brokers until July 2006 but after that it will only be free if they do four transactions a month. If they do not, the system will cost them 10 per month.

Bill Safran, CEO of Trigold, says he expects its Electronic Trading Centre


Government pledges more affordable housing in Cumbria

Local government minister Phil Woolas today spelled out government action to tackle affordable housing issues in Cumbria.The forthcoming joint structure plan for Cumbria and the Lake District proposes a new policy requiring 50% of homes built outside the National Park to be affordable, and 100% of homes built inside the Park to be secured for […]

Optoma Playstation giveaway to 5,000th application

Optoma Broker Solutions expects to receive its 5,000th sub-prime approval in principal within the next week, and to mark the occasion is presenting the intermediary who submits the application with a Sony Playstation PSP hand-held games console, courtesy of Platform.Once the intermediary completes a short form on the Optoma website, Optomas underwriters respond with three […]

Lack of client knowledge sparks concern over TCF

Consumers are struggling to understand mortgage terminology and products, causing concern over the products they are being advised to buy. The latest One Specialist survey by BM Solutions finds that nine out of 10 brokers believe consumers have no idea what the London Inter Bank Offered Rate is and what it entails. This statistic in […]

Brits not spooked by ghosts

Research from Portman on haunted properties reveals Brits don’t give a hoot when it comes to things that go bump in the night. While people used to go to great lengths to ward off evil spirits, hanging up horseshoes and charms or employing shamans and priests to exorcise demons, Portman says 43% of people now […]


News and expert analysis straight to your inbox

Sign up